Solution :-
S.No. | Particulars | Debit ($) | Credit($) |
1 | Cash A/c Dr. | 520 | |
To Due to Customer A/c | 520 | ||
2 | Cash A/c Dr. | 813750 | |
To Sales A/c ($813750-$38750) | 775000 | ||
To Sales Tax Payable A/c ($813750/105)*5 | 38750 | ||
3 | Truck A/c Dr. (126000*105%) | 132300 | |
To Cash A/c | 132300 | ||
4 | Parking Lot A/c Dr. | 88400 | |
To Asset Retirement Obligation A/c | 88400 | ||
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