Question

Manoj has purchased goods of ₹ 10,000 at 10% trade discount. GST 5 %. Half of the amount was paid immediately. Which amount will be recorded in Purchase Book ?

(a) ₹ 10,000
(b) ₹ 9,000
(c) ₹ 9,450
(d) ₹ 4,500

Answer 1

Correct option is (b) ₹ 9,000

Answer 2

Option b) is correct answer:- ₹9000

Journal Entry would be

Purchase A/c-Dr-9000

to Manoj A/c -9000

note(trade discount is 1st subtracted)

Comments

Why GST is not apply