Journalise the following  1. Paid Rs 5500 in cash as wages on installation of machinery. 2. Sold goods to Rama at the list price of Rs 40000 less trade discount 10% add CGST AND SGST @6% and allowed cash discount 5 %. He paid amount immediately. 3. Raman, a customer to whom goods were sold, was allowed rebate of Rs 4000 because they were of poor quality. These goods were sold charging CGST and SGST @ 6 % each. 4. Sold goods costing Rs 200000 to Ram at a profit of 25% on cost less 20% trade discount plus CGST and SGST @ 6 % each and paid cartage of Rs 500 (not to be charged from Ram).

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Journalise the following 

1. Paid Rs 5500 in cash as wages on installation of machinery.

2. Sold goods to Rama at the list price of Rs 40000 less trade discount 10% add CGST AND SGST @6% and allowed cash discount 5 %. He paid amount immediately.

3. Raman, a customer to whom goods were sold, was allowed rebate of Rs 4000 because they were of poor quality. These goods were sold charging CGST and SGST @ 6 % each.

4. Sold goods costing Rs 200000 to Ram at a profit of 25% on cost less 20% trade discount plus CGST and SGST @ 6 % each and paid cartage of Rs 500 (not to be charged from Ram).

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