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Transcript

B Dr To Sales Local 5% 210000 200000 First Sales 200000 + 5% GST then Amount Received To Output CGST 2.5% 5000 5000 First Amount Received in Advance Then Sales Bank Dr To B 210000 210000 Bank Dr To B 210000 210000 B Dr 210000 200000 To Output CGST 2.5% To Output SGST 2.5% 5000 5000 Bank Dr To B 63000 63000 B Dr To Sales 210000 200000 To Output CGST 2.5% TO Output SGST 2.5% 5000 5000 Bank Dr To B 147000 147000 To Output SGST 2.5% 30% Amount Received in Advance, Then Sales, Then Balance Received Sales and Amount Received Entries With GST To Sales Local 5% B Dr To Sales 5% Local 210000 200000 Comparison 30% Amount Received in Advance Then Sales Then Balance Received To Output CGST 2.5% To Output SGST 2.5% 5000 5000 30000 Amount Received in Advance Then Sales Then Balance Received Bank Dr To B 63000 63000 Bank Dr To B 147000 147000 B Dr To Sales 5% Local 210000 200000 To Output CGST 2.5% To Output SGST 2.5% 5000 5000 Bank Dr To B 60000 60000 Bank Dr To B 150000 150000

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.