What will be the entry in cash book if goods are purchased for 13000 plus cgst and sgst @6 percent?
Answers
Answered by
0
Answer:
Purchase A/c Debit 13,780 ----
To cash A/c credit --------- 13780.
Is the journal entry .
Explanation:
In the cash book it will be
To Purchase A/c 13780.
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Answered by
1
Answer:
The journal entry for the goods purchased worth 13,000 would be :
Explanation:
Purchase A/c.............Dr 13,000
Input CGST A/c..........Dr 390
Input SGST A/c............Dr 390
To Bank A/c.........Cr 13,780
Working Note:
GST = Cost of goods × Rate
= 13,000 × 6%
= 780
GST is equally divided into CGST and SGST.
In cash book, the entry would be:
To Purchase A/c.................Dr 13,780
In the Cash book it will appear as shown below:
Attachments:
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