Question

purchased goods for cash rs.10000 at 10%trade discount and 5%cash discount with 28% GST. give journal entry.​

Answer 1

Explanation:

Purchase A/c Dr 9000

Input Cgst A/c Dr 1197

input sgst A/c Dr 1197

To discount A/c 450

To cash A/c 10,944

Answer 2

                                                   

WHAT IS A JOURNAL?

Before journal entries are uploaded to the ledger accounts, they are entered in a journal or book of original entries. A diary is a book that keeps track of all the transactions that a corporation has made.

                                                         JOURNAL                                                

DATE |           PARTICULARS                   | L.F. |        DEBIT(₹)  |    CREDIT (₹)

- - -              Purchase A/c                   Dr |        |     9000          |

- - -               Input Cgst A/c                 Dr  |      |      1197            |  

- - -               Input sgst A/c                  Dr |       |       1197           |

- - -               to discount A/c                     |       |                         |        450  

- - -               To cash a/c                           |       |                         |       10944

Working note .-

cash = 11394 - 450 = ₹10944.

HENCE THE JOURNAL ENTRY IS GIVEN ABOVE.