Do you agree or disagree with the following statements :(i) On purcha

1.	Do you agree or disagree with the following statements :(i) On purchase of goods or assets output, GST A/c is credited.(ii) 5% GST Charge on luxury cars.(iii) GST Generates income to Central Government only.(iv) Ledger Folio column in Journal filled while passing Journal entry only.(v) Purchase of shares of TATA Ltd should be debited to TATA Ltd’s A/c.
Answer» (i) Disagree (ii) Disagree (iii) Disagree (iv) Disagree (v) Disagree

Do you agree or disagree with the following statements :(i) On purchase of goods or assets output, GST A/c is credited.(ii) 5% GST Charge on luxury cars.(iii) GST Generates income to Central Government only.(iv) Ledger Folio column in Journal filled while passing Journal entry only.(v) Purchase of shares of TATA Ltd should be debited to TATA Ltd’s A/c.

Answer»

(i) Disagree

(ii) Disagree

(iii) Disagree

(iv) Disagree

(v) Disagree