Record the following transaction in the journal of ashok traders 2019 Dec 01 bussiness started with cash₹120000
Dec 02 cash deposit into bank₹30000
Dec04 goods purchased for ₹12000plus CGSTand SGST 6%each
Dec 10paid rent ₹500plus CGST and SGST @6%each
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Answer:
Record the following transaction in the journal of ashok traders 2019 Dec 01 bussiness started with cash₹120000
Dec 02 cash deposit into bank₹30000
Dec04 goods purchased for ₹12000plus CGSTand SGST 6%each
Dec 10paid rent ₹500plus CGST and SGST @6%each
Explanation:
Record the following transaction in the journal of ashok traders 2019 Dec 01 bussiness started with cash₹120000
Dec 02 cash deposit into bank₹30000
Dec04 goods purchased for ₹12000plus CGSTand SGST 6%each
Dec 10paid rent ₹500plus CGST and SGST @6%each
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