Record necessary Journal Entries in the books of Ahmed of Goa assuming CGST @5%and SGST @5%.
IGST @ 10%
1. Bought goods from Anil Trades, Kerala for cash $2,50,000.
2. Sold goods to Ali Trader, Tamil Nadu for cash 1,00,000.
3. Paid insurance premium 20,000
4. Sold goods to Akbar Traders, Goa for 2,50,000.
5. Bought a Machinery for office use 31,50,000
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Answer:
premium interest is 78 %
Explanation:
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