Question

purchased goods for cash Rs.50000 @18% GST less 10%cash discount.​- Journalise the following transaction

Answer 1

purchases a/c Dr 53100

To cash a/c 53100

Explanation:

50000×18% GST= 9000 add to goods

-59000×10% discount = 5900 less from 59000

Answer 2

Answer:

journalise the following transaction in the books of MS Ashok Enterprises Bhopal 1.purchase goods from Rahul Rs 50000 Rs 20 % discount + 5% II. sold goods to Neeraj 15000 + 10% Vat III. cash sales from remaining goods Rs 40,000 + 10% vat Iv.vat was deposited into government account on the due date

Explanation: