Accounting Procedure (For Purchase of Goods)|For Sale of Goods|For Purchase of Assets|For Expenses incurred Outside the State|Adjustment of IGST, CGST and SGST|Questions

Accounting Procedure-Inter State (For Sale of Goods)|Adjustment of IGST, CGST and SGST|Questions

Prasad purchased a washing machine from Maharashtra Electronic Goods The discount of 5% was given on the printed price of Rs 40000 The rate of GST chrged was 28 % find the purchased price of the washing machine for prasad also find the amount of CGST and SGST shown in the tax invoice

Quick ratio of a company is 2:1 state giving reasons which of the following transactions would (i) improve ,(ii) reduce,(iii) not change the quick ratio: (a) purchase of goods for cash, (b) purchase of goods on credit, (c ) sale of goods (costingRs 10000) for (a) purchase of goods for cash , (b) purchase of goods on credit (c ) sle goods (costing Rs 10000) for Rs 10000(d) sale of goods (costing Rs 10000) for Rs 11000,(e )cash recelved from trade recelvables.