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
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 )
=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