Question

purchased goods from Anil rupees 40000 + I GST @ 12% at 10% trade discount and 3% cash discount half of the amount is paid on time of purchase​

Answer 1

Answer:

Explanation:

purchases a/c  dr.   36000

Input IGST a/c  dr.    4320

          to cash a/c  cr. 19555

          to discount recieved a/c cr. 605

          to anil's a/c cr. 20160