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Commission and Brokerage

Journalise th...

Question

Journalise the following transaction:
Paid telephone bill Rs. 400 plus CGST and SGST @ 6% each.

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Solution

Telephone expense A/c Dr. 400
CGST A/c Dr. 24
SGST A/c Dr. 24
To Cash/Bank A/c 448
(Being telephone bill and GST on that paid).

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