Journalise the following transactions:(5)a. Purchased goods from Kiran

1.	Journalise the following transactions:(5)a. Purchased goods from Kiran of 40,000 plus IGST @18% @ 5% trade discount and 2.5% cashdiscount. Paid the amount at the time of purchase itself.b. Sold goods to Rajesh for 320,000 plus CGST and 5GST @5% each, allowed him 5% trade discountand 3% cash discount. Received half of the amount of cash and balance half by cheque immediatelyC. Sold goods costing 350,000 to Ajay against a current dated cheque at a profit of 25% on cost less10% trade discount plus IGST @ 18%. Cash discount is allowed @ 2.5%.d. Purchases for the month were: cash purchase 35,00,000 (intra-state) and credit purchases(interstate) * 45,00,000. IGST @12%, CGST and SGST @ 6% each.e. Life insurance premium 6500. Half Amount paid by cheque.
Answer» ANSWER: OH know Explanation: ....I don't UNDERSTAND your QUESTION

Journalise the following transactions:(5)a. Purchased goods from Kiran of 40,000 plus IGST @18% @ 5% trade discount and 2.5% cashdiscount. Paid the amount at the time of purchase itself.b. Sold goods to Rajesh for 320,000 plus CGST and 5GST @5% each, allowed him 5% trade discountand 3% cash discount. Received half of the amount of cash and balance half by cheque immediatelyC. Sold goods costing 350,000 to Ajay against a current dated cheque at a profit of 25% on cost less10% trade discount plus IGST @ 18%. Cash discount is allowed @ 2.5%.d. Purchases for the month were: cash purchase 35,00,000 (intra-state) and credit purchases(interstate) * 45,00,000. IGST @12%, CGST and SGST @ 6% each.e. Life insurance premium 6500. Half Amount paid by cheque.

Answer»

ANSWER:

OH know

Explanation:

....I don't UNDERSTAND your QUESTION

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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