4. Pass entries for the following transactions in the books of M/s Karthikeyan & Co. of Chennai:
| 2022 | |
|---|---|
| June 10 | Purchased goods from Ravichandran of Madurai of the list price of ₹2,00,000 at 25% trade discount at 4% cash discount on purchase price of goods. |
| June 25 | Sold goods to Ramalingam of Erode of the list price of ₹3,75,000 at 20% trade discount and 2% cash discount on sale price. Charged CGST and SGST @9% each. Full amount was received by cheque on the same date. |
| (iv) | Paid for printing and stationery ₹4,000. |
| (v) | Received for commission ₹5,000. |
| (vi) | Output GST adjusted against Input GST. |
Ignore adjustment and payment of GST.
D.K.Goel/2024 Edition/Practical Questions/Q-04
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company
Answer :