Question

Sold good to Rakesh for Rs. 10000 plus cgst and sgst @ 6% each. He paid half the amount by cheque and availed cash discount of 2%

Answer 1

Rakesh A/c......Dr. 5700

Bank A/c.......Dr. 5700

To sales a/c 10000

To output CGST a/c 600

To output SGST a/c 600

To discount received A/c 200