Sold goods worth 10000 to Kavya @ 12 GST. payment received by cash and discount allowed 1500
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Explanation:
JOURNAL ENTRY :
Cash A/C(10,000-1500+1200) Dr. 9,700
Discount allowed A/C Dr. 1,500
To Sales A/C 10,000
To Output Gst(12% of 10000) 1,200
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