Question

Record necessary Journal entries assuming CGST @ 5% and SGST @ 5% and all transactions are occurred

Within Delhi.

1. Shobit bought goods for ₹ 1,00,000 on credit.

2. He sold them for ₹ 1,35,000 in the same state on credit.

3. He paid for Railway transport ₹ 8,000.

4. He bought computer printer for ₹ 10,000.

5. Paid postal charges ₹ 2,000.

6. Payment made of balance amount of GST.​ please answer this question spam will reported​

Answer 1

Explanation:

Shobit bought goods for ₹ 1,00,000 on credit.

2. He sold them for ₹ 1,35,000 in the same state on credit.

3. He paid for Railway transport ₹ 8,000.