Question

sold goods to ravikant worth Rs 60000at 10%td and @18%gst 1/3 amount received by cash at 5% cd make journal entry​

Answer 1

Explanation:

Cash a/c Dr 20178

Discount allowed a/c Dr 1062

Ravikant a/c Dr 42480

To Sales a/c 54000

To Output CGST a/c 4860

To Output SGST a/c 4860

(Being goods sold to ravikant at 10% trade discount and at 18% GST and 1/3 amount received by cash and allowed 5% cash discount