Question

Sold goods to Mahesh for Rs.40, 000 plus CGST and SGST 9% each. Allowed him 10% Trade Discount and 3% Cash Discount. Received half of the amount by cash and balance half by cheque immediately.

Answer 1

Answer:

journal entry will be

cash a/c

Bank a/c

discount allowed a/c

To sales

To output cgst

to output sgst