Sold goods to Sanjay list price Rs.80,000 less 20% trade discount and

1.	Sold goods to Sanjay list price Rs.80,000 less 20% trade discount and 2% cash discount. Charged CGST and SGST at 10% each. Full payment received by cheque.
Answer» Answer: you've not mentioned what the QUESTION is but I'm assuming it's journal entries— Bank ac _dr 75,520 Discount Allowed ac _dr 1,280 to SALES ac 64,000 to Output CGST ac 6,400 to Output SGST ac 6,400 (being the cash* sales of goods to Sanjay subjected to 10% CGST & 10% SGST; allowed a 2% cash discount.) cash sales doesnt mean actual banknotes. it just means NON credit sales. so the payment by cheque is cash sales, not credit sales. (HOPE my answer was helpful to you. PLEASE mark my answer the brainliest!!! I'll be very grateful.)*

Sold goods to Sanjay list price Rs.80,000 less 20% trade discount and 2% cash discount. Charged CGST and SGST at 10% each. Full payment received by cheque.

Answer»

Answer:

you've not mentioned what the QUESTION is but I'm assuming it's journal entries—

Bank ac _dr 75,520

Discount Allowed ac _dr 1,280

to SALES ac 64,000

to Output CGST ac 6,400

to Output SGST ac 6,400

(being the cash* sales of goods to Sanjay subjected to 10% CGST & 10% SGST; allowed a 2% cash discount.)

*cash sales doesnt mean actual banknotes. it just means NON credit sales. so the payment by cheque is cash sales, not credit sales.

(HOPE my answer was helpful to you. PLEASE mark my answer the brainliest!!! I'll be very grateful.)

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