1.

What would be the journal entry for the month cash purchase 500,000 intrastate and credit purchase interstate 4500,000?cgst =6% igst=12% and sgst =6%​

Answer»

Answer:

1.

purchase a/c DR. 500000

input CGST a/c. dr. 30000

input sgst a/c. dr. 30000

to CASH. 560000

2.

purchase a/c dr. 4500000

input IGST a/c. dr. 540000

to CREDITORS. 5040000



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