Question

recored nessesary journal entries assuming sgst@5% andcgst @5% and transaction are occured within karnataka a) ashok bought goods rs 50000 on credit b) he sold them rs 60000 on credit c) he paid for railway transport​

Answer 1

Explanation:

good morning my name is M.Lohith Sriram please follow me

Answer 2

Answer:

1) ashok alc ... Dr 550000

to sale alc 50000

to sgst alc 2500

to cgst alc 2500

2) customer alc 60000

to sales, alc 60000

3) no entry