Question

purchased goods from ajay kumar worth rupees 250000 at10 % trade discount @18 % gst and paid 1\4 amount in cash

Answer 1

Answer:

Purchase A/c. Dr. 225000

Input GST A/c. Dr. 40500

To Cash A/c. 66375

To Ajay A/c. 199125

(Being goods purchased from Ajay)