Question

Purchase goods from ram and sons of list price rs 50000 at 20% trade discount and 3% cash discount paid cgst and sgst @ 6% 75% of payment was immediately by cheque made journal entry

Answer 1

Answer:

Purchases A/C Dr 40000

Input CGST A/C Dr 2400

Input SGST A/C Dr 2400

To Bank A/C 32700

To Discount Received A/C 900

To Ram & Sons A/C 11200

Answer 2

Answer:

purchase from Ram come &sons 10000