Question

Purchased good for cash 6720 including CGST and SGST@6 / ; received discount of 220

Answer 1

Answer:

PARTICULAR DR. CR.

.

Purchase Dr. 6,000

Input CGST Dr. 360

Input SGST Dr. 360

To, Cash A/c 6,500

To, Discount recived 220

Answer 2

Answer:

The journal entry is as:

Purchase A/c.....................Dr          6,000

Input CGST A/c.................Dr          360

Input SGST A/c...............Dr            360

             To Cash A/c....................Cr              6,500

              To Discount Received A/c......Cr    220

Explanation:

Working Note:

Purchases = 6,720 / 112%

                  = 6,000

Input CGST = Purchase * 6%

                    = 6,000 * 6%

                    = 360

Input SGST = Purchase * 6%

                    = 6,000 * 6%

                    = 360