Question

Record the following transactions in a journal of Mukul, assuming CGST and SGST @6% each

1. Sold goods to Pankaj at the list price of Rs.50000 less 20% trade discount and 10% cash discount.

Received 20% by cheque excluding CGST and SGST.

2. Surjeet was allowed Rebate of Rs. 5000 as goods supplied to him were defective. These goods

were sold by charging CGST and SGST

3. Goods of Rs.2000 stolen from the godown. These goods were purchased by paying CGST and SGST​

Answer 1

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