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2019Purchased goods from Karan for 4,00.000 at a trade discount of 10%plus CGST and SGST @ 9% eachJan.Sold goods to Vikas costing 7 40,000 at 25% above cost, less tradediscount of 10% plus CGST and SGST @ 6% each and a cash discountof 5%.Vikas did not avail the cash discount.Jan. 15Paid salary of 20,000 to Manik who provides 60% of his services tobusiness and rest for domestic service of M/s Vinod.Purchased machinery for 3,40,000 plus IGST @ 18% by taking loanof 2.00.000 from SBI bank and balance paid by cash.Jan. 20Jan 22Goods given as charity costing 5,000, sale price * 6,000, CGST andSGST @ 6% each was paid at the time of purchase of such goods.Jan. 25Sold goods to Sanjeev for 350,000, less 10% trade discount plus CGSTand SGST @ 9% each. Received cheque for the amount.Jan. 27B |
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