1.

Sold goods to surjeet for Rs.28000 including CGST and SGST @6% each

Answer»

EXPLANATION:

Sold goods for cash,including cgst and SGST @ 6% each for 4,48,000. Show JOURNAL entry.

Answer:

        In the books of Journal entry

particulars               amount       amount

Bank A/C -Dr.          448000

        To Sales A/C                     394240

        To Output CGST               26880

        To O/P SGST                     26880

( Being goods sold for cash with 6% cgst and sgst each )

workings:-

6% on both cgst sgst seperately and on original price

Cgst: 448000*6% = 26880

Sgst:448000*6% = 26880

                              53760

Then ( 448000-53760 ) = 394240



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