Answered

Discover a wealth of knowledge and get your questions answered at IDNLearn.com. Our experts provide accurate and detailed responses to help you navigate any topic or issue with confidence.

Question:

On April 5, sold goods for cash ₹ 4,000 plus CGST and SGST at 6% each and paid immediate expenses of ₹ 2,500.

Calculate the total amount received and the net amount after expenses.

Sagot :

GinnyAnsweridn
Sure, let's solve this step-by-step in a detailed manner.

### Calculating CGST and SGST

1. Determine the sold amount:
The sold amount for the goods is ₹4000.

2. Calculate CGST (Central Goods and Services Tax):
The CGST rate is 6%.
To find the CGST, multiply the sold amount by the CGST rate:
[tex]\[ \text{CGST} = 4000 \times 0.06 = ₹240.0 \][/tex]

3. Calculate SGST (State Goods and Services Tax):
The SGST rate is also 6%.
To find the SGST, multiply the sold amount by the SGST rate:
[tex]\[ \text{SGST} = 4000 \times 0.06 = ₹240.0 \][/tex]

### Rent Paid

4. Determine the rent paid:
The rent paid is ₹2500.

### Total Amount Received

5. Calculate the total amount received:
To find the total amount received, add the sold amount to the CGST and SGST:
[tex]\[ \text{Total Received} = 4000 + 240 + 240 = ₹4480.0 \][/tex]

### Summary

- The CGST calculated is ₹240.0.
- The SGST calculated is ₹240.0.
- The rent paid is ₹2500.
- The total amount received, including CGST and SGST, is ₹4480.0.
Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. IDNLearn.com has the answers you need. Thank you for visiting, and we look forward to helping you again soon.