Give entries for the following transactions: …
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Give entries for the following transactions:
(1) Vinod purchased goods 1,00,000 from King Traders (outside State).
(ii) He sold some of the goods for 80,000 locally.
(iii) He sold goods for 760,000 outside the state.
(iv) He paid telephone bill (telephone is used for office) 76,000
(v) He purchased one Photo Copy Machine for his office for ₹40,000 from a local vendor by cheque.
Assuming CGST @9% and SGST@9% on all the above transactions and IGST 18%.
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