Question

purchased goods from deepika for ₹20000. These goods were supplied to Bani at a profit of 20%. Bani return goods worth ₹1200 which was ultimately return back to ritika.​

Answer 1

Answer:

Explanation:

)Purchases A/c       Dr     20000

IGST A/c              Dr          2400

      To X A/c                                22400

ii)Y A/c    Dr     28400

    To Sales A/c       26000

    To CGST A/c         1200

     To SGST A/c         1200

iii)Sales return A/c   Dr    7800

      To Y A/c                           7800

iv)X  A/c    Dr   7800

   To Purchases A/c    7800