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What is the general entry of …

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What is the general entry of purchase goods from Shyam and Company Delhi of list price 50,000 at 20% trade discount and 3% cash discount and value of gold space cgst sgst 6% is payment was made immediately enabled cash discount
  • 3 answers

Shradha Jain 6 years, 9 months ago

Purchase dr. 40000 Input cgst dr. 2400 Input sgst dr. 2400 To cash 43600 To dis. Rec. 1200

D J 6 years, 9 months ago

Sorry previous answer is wrong

D J 6 years, 9 months ago

Purchase a/c Dr 38800 Input cgst a/cDr2323 Input sgst axcDr 2323 To cash a/c 43446
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