Example 3
| C LTD | |
| Purchase | 50000 |
| Cst 2% | 1000 |
| 51000 | |
| Z LTD | |
| Sale | 120000 |
| Cst 2% | 2400 |
| 122400 | |
Pass Entries for Purchase and Sales
View AnswerPurchase 2% Central 51000
To C Ltd 51000
Z ltd Dr 122400
To Sales Central 2% 120000
To Output CST 2% 2400
Example 4
| C LTD | |
| Purchase | 70000 |
| Cst 5% | 3500 |
| 73500 | |
| Z LTD | |
| Sale | 60000 |
| Cst 5% | 3000 |
| 63000 | |
Pass Entries for Purchase and Sales
View AnswerPurchase 5% Central 73500
To C Ltd 73500
Z ltd Dr 63000
To Sales Central 5% 60000
To Output CST 5% 3000
