Question

Telephone Charges Rs 4720 (Inlcuding GST @18%)

b) Bank Loan Rs 25000 paid along with Interest Rs 1500 (Ignore GST)

c) Income Tax Rs 12000 paid by chq

d) Goods returned to Sohan, Haryana Rs 30000 which was purchased @ 18%

GST extra.

e) Bought goods for cash of the list price of Rs. 80,000 at 10% trade discount

and 21/2% cash discount.

f) Sold goods for cash of the list price of Rs. 1,00,000 at 15% trade discount

and 3% cash discount.

g) Sold goods to Nagpal of the list price of Rs. 50,000 at 20% trade discount.

h) Nagpal returned one-fourth of the above goods

i) Nagpal settled the account by paying cash under a discount of 5%​

Answer 1

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Explanation:

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