if i purchase apple phone rs 80000 in exchange of my existing mobile worth rs 10000.
what is journal entry in tally
Iphone Dr. 80000
To Old phone 10000
To Cash/Bank 70000
Old phone's BV has also been considered as 10000.
4 Replies
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 28 June 2018
GST levied on full value of 80000/-
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