Question

Q.4- On the basis of narrations, fill in the blanks:- 4

(Draw the format and give the complete journal entry in each case)

DATE PARTICULARS L.F. Dr. Cr.

_______________ Dr

Input CGST A/c Dr

_______________ Dr

To _____________

To _____________

( Being the goods of list price 1,00,000

less 10% Trade discount purchased against

cheque paying CGST & SGST @9% each

availing 2% cash discount )

___________

___________

____________________ Dr

____________________ Dr

To_________________

To_________________

(Being a machinery sold for 500,000 to

Tools Ltd. and received 2,00,000

through cheque. IGST @ 18% to be charged

__________​

Answer 1

Answer:

1.. Purchase a/c

Input SGST a/c

To cash account

to discount allowed a/c