This question was asked in Prepaid Expense Entries
Under gst I received a bill of rs. 100/- and gst paid 5% means I paid total rs. 105. Question is if I sale that item adding profit rs 20/- than what is my bill amount. e.g a) sale amount rs. 131.25 or b) sale amount rs. 126/-.
Answers!
126
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126
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