Cgst and sgst is 9 % ?ach.•
: arnount received Discount allowed
5, Record the transactions in the books of Sahdev & Sons assuming
ctions have been entered within the state of Bihar, Charging CGST and SGST
) Bought goods from Nanak Bros. for at 10% trade discount and 3% cash
discount on purchase price. of the amount paid at the time of purchase.
, ) Sold goods to Kumar & Sons. for e at 20% trade discount and 5% cash
discount on sale price, 6000 of the amount received by Cheque.
Received from Gopi Chand hv Cheque after deducting 5% cash discount.
Paid eo,ooo for
'l)i Goods worth 10.000 distributed as free samples.
due tionl Chanderkant are bad-debts.
Sold household furniture tl»r and the proceeds were invested into business.
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