Question

Purchased goods from rakesh rs. 20000 less trade discount @ 20% plus IGST @ 12%

Answer 1

Answer:

purchase ac dr. 16000

itc ac dr. 1920

to rakesh ac 17920

Answer 2

Answer:

purchase a/c. Dr 16000

input igst a/c Dr 1920

To Rakesh 17920

Explanation:

working notes:-

20000-20000×20% trade discount =16000

igst = 16000×12%=1920