Sold goods costing Rs.4,20,000 to X at a profit of 33℅ on cost less 15℅ trade discount and charged 8℅ Central Sales Tax

Hi Satakshi

$$\begin{gathered} \mathrm{Sold} \mathrm{Goods} \mathrm{costing}= 4,20,000 \\ + \mathrm{Profit} @ 33\% = \underline{1,38,600} \\ \mathrm{Invoice} \mathrm{Price} 5,58,600 \\ - \mathrm{Trade} \mathrm{Discount} \underline{ 83,790} \\ \mathrm{Sale} \mathrm{Price} 4,74,810 \\ + \mathrm{Sales} \mathrm{Tax} @ 8\% \underline{ 37,985} \\ \mathrm{Total} \mathrm{Amount} \underline{5,12,795} \end{gathered}$$

The Journal entry is:

Cash A/c Dr.  5,12,795
  To Sales A/c                     4,74,810
 To Sales Tax Payable A/c     37,985