No products in the cart.

If a partner takes goods for …

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

If a partner takes goods for personal use or goods are given as charity, why Input GST(CGST and SGST or IGST ) account is credited?

Posted by Anik Malakar 4 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Sahil Kumar 4 years, 7 months ago

Because . Goods is out in the business ... Acc. To the rule of real A/c ( dr what comes in ,credit what goes out ) So the purchase is on credit side ..the Gst on purchase is always input and follow the side of purchase.

0Thank You

ANSWER

Related Questions

The following is the trial balance of Zoya steel ltd. As on 31st March 2018

Posted by Ankita Chauhan Ankita Chauhan 2 weeks, 6 days ago

CBSE > Class 11 > Accountancy

0 answers

On 1st may 2020 cash book bank overdraft balance was ₹4000 on depositing ₹20,000 into bank and giving a cheque of ₹14,400 for rent the balance will be

Posted by Anshul Verma 4 days, 21 hours ago

CBSE > Class 11 > Accountancy

0 answers

Define provision

Posted by Sneha Gupta 1 month ago

CBSE > Class 11 > Accountancy

1 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Roshni Kundu 1 month, 1 week ago

CBSE > Class 11 > Accountancy