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