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Enter the following transactions in the Journal of Suresh who trades in ready-made garments: 2018 ₹ April 1 Suresh paid into bank 60,000 April 2 He bought goods cheque 24,000 April 3 Sold to Mukand & Co. 6,700 April 4 Sold goods for cash 10,900 April 5 Paid sundry expenses in cash 3,000 April 8 Paid for office furniture and fittings by cheque 4,000 April 9 Bought goods from Ramesh & Bros., Faridabad (Haryana) 10,600 April 10 Sold to Mahendra of Delhi 18,700 April 11 Returned goods to Ramesh & Bros. 1,500 April 12 Issued cheque to Ramesh & Bros. in full settlement 9,000 April 14 Sold goods for cash 4,900 April 30 Bank charged interest 200 April 30 Borrowed from Ridhi 10% per annum interest 50,000 April 30 Received from Mahendra on account 6,000 April 30 Sold household furniture and paid the amount into business 2,000 April 30 Sold goods costing ₹ 5,000 to Anita for cash at a profit of 20% on cost less 20% trade discount. 6,500 April 30 Sold goods costing ₹ 20,000 to Sunil at a profit of 20% on sale less 20% Trade Discount and paid cartage ₹ 150 (to be charged from customer). CGST and SGST is levied 6% each on intra-state sale and purchase. IGST is levied 12% on inter-state sale and purchase. |
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Answer» Enter the following transactions in the Journal of Suresh who trades in ready-made garments:
CGST and SGST is levied 6% each on intra-state sale and purchase. IGST is levied 12% on inter-state sale and purchase. |
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