Question

Purchased goods of rs5000/

Answer 1

Goods costing Rs. 1,000 damaged by fire and Insurance Company accepted claim of Rs. 800 and cheque is received from the Insurnace Company. <br> (v) Goods costing Rs. 500 given as charity (Sales Price Rs. 600). <br> (vi) Paid landlord Rs. 1,500 for rent. <br> (vii) Sold household furniture for Rs. 5,000. It is not subject to levy of GST being personal asset of the proprietor. The proprietor. The proceeds were invested into business. <br> All transactions (except otherwise stated) are subject to levy of CGST and SGST @

Answer 2

Answer:

Purchase A/c Dr. 5,000

Input CGST A/c Dr. 450

Input SGST A/c Dr. 450

To Cash A/c 5,900

(Being the goods purchased for cash, paid CGST and SGST @9% each).