Question

sold goods to Rakesh for rupees 10,000 + cgst and sgst @ 9% each he paid the due amount immediately and availed cash discount at 2% ​

Answer 1

Answer:

Cash A/c                      Dr. 11,564

Discount Allowed A/c Dr.    236

    To Sales A/c                           10,000

    To Output CGST A/c                 900

    To Output SGST A/c                  900

Note: Discount = 10,000+900+900 = 11,800

                            11,800 x 2/100 = 236

Explanation:

For more details please see Ultimate Book of Accountancy class 12th CBSE