Brought furniture for 500000 lakhs(excluding GST) from mr ABC ltd on credit .GST Rate 12%. take input credit.
please send me journal entry for this.. question.
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journal entry
Replies (1)
furniture. Dr. 500000
GST Dr. 60000
To. ABC LTD. 560000
ABC LTD. xxxxxx
To Bank. xxxxxx
GST Dr. 60000
To. ABC LTD. 560000
ABC LTD. xxxxxx
To Bank. xxxxxx
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