Sold household furniture and paid amount into business Rs 2000...jounal entry...
CGST and SGST 6% charged intra state sale and purchase...
Dear Student
Please note that since here persona asset is sold GST shall not be applicable.
Regards
Journal | ||||
Date | Particulars | Debit | Credit | |
Cash A/c | Dr. | 2,000 | ||
To Capital A/c | 2,000 | |||
(Being personal asset sold and money infused in business) |
Please note that since here persona asset is sold GST shall not be applicable.
Regards