Question

Purchase BookQ. 1. Prepare a Purchase Book in the books of M/s Modern Furniture House,Lucknow (U.P) from the following transactions assuming CGST @ 6% and SGST @6%: -2017June 5 Bought from Mohan Lal & Co., Kanpur (U.P) :-20 Godrej Chairs @ $2,000 each5 Godrej Tables @ 6,000 eachTrade Discount 20%10 Purchased from Bhai Bhushan & Sons, Varanasi (U.P) :5 Almirahs @ 12,000 each2 Revolving Chairs @ $20,000 eachTrade Discount 10%14 Purchased from Surya Traders, Lucknow (U.P)80 Desks @ $2,500 each10 Sofa Sets @ $20,000 eachTrde Discount @ 15%20 Purchased for cash from Gopi Chand Haldi Ram, Delhi :-4 Tables @ 5,000 each25 Bought Furniture for office use from New Furniture House, Faridabad on Credit :5 Chairs@ $2,500 per Chair.2 Tables @ 5,000 per Table.(Ans. Purchase 4,86,000; Input CGST *29,160; Input SGST 29,160; Total35,44,320.)​

Answer 1

Answer:

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Explanation:

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