CBSE Class 11-commerce Answered
Shiv enterprise started business with machinery of RS 400000 and furniture of RS 100000 and payment was made by issuinng a cheque from saving bank account.(cgst and sgst is levied at 6% each)
Asked by praveensharmabgra | 17 Oct, 2018, 04:01: PM
Expert Answer
Machinery A/c Dr. 4,00,000
Furniture A/c Dr. 1,00,000
Input CGST A/c Dr. 30,000
Input SGST A/c Dr. 30,000
To Capital A/c 5,60,000
(Business commneced with Machinery and Furniture with GST paid)
Answered by | 22 Oct, 2018, 10:18: AM
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