Accountancy, asked by mehradaksh, 1 year ago

purchased timber from singh&co. plus Igst and Cgst 6%each of the list price of 20,000,allowed 10% trade discount


sujiritha95: either igst or cgst will charged . check the question again

Answers

Answered by sujiritha95
1
purchases  = 20000- (20000*10%)
                     =20000-2000
                    =18000

Purchases A/c  Dr    18000
CGST A/c        Dr       1080
SGST A/c         Dr       1080
       To  Singh & co  A/c               20160
(Being timber purchased )
Similar questions