purchased goods of list price 1,00,000 less 20% trade discount and cgst+sgst@6% each half of payment made with cash.Show the entry please.urgent.
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Explanation:
Purchase a/c Dr 80000
Inpuut cgst a/c Dr4800
Input Sgst a/c. Dr 4800
To cash A/c 44800
To creditor A/c 44800
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