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If xyz electronic Ltd. Purchased 10 TV @₹2,000 per piece recorders @12,500 per piece and there was a trade discount of 20%then what will be the amount to be recorded in Purchase book .?
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If xyz electronic Ltd. Purchased 10 TV @₹2,000 per piece recorders @12...
If xyz electronic Ltd. purchased 10 TVs at a price of ₹2,000 per piece and recorders at a price of ₹12,500 per piece, the total cost of the TVs and recorders would be 10
2000 + 12500 = ₹32,500. If there was a trade discount of 20% on this purchase, the amount of the discount would be 20/100*32500 = ₹6500. The amount to be recorded in the purchase book would therefore be 32500-6500 = ₹26,000. This is the final amount that xyz electronic Ltd. would have to pay for the TVs and recorders after the trade discount has been applied.
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If xyz electronic Ltd. Purchased 10 TV @₹2,000 per piece recorders @12...
Purchase of TV and Recorders with Trade Discount
To calculate the amount to be recorded in the Purchase book, we need to consider the purchase of 10 TVs and recorders with a trade discount of 20%. Let's break down the calculation step by step:
Step 1: Find the total cost of TVs
The cost of each TV is ₹2,000, and the company purchased 10 TVs. Therefore, the total cost of TVs can be calculated as:
Total cost of TVs = Cost per TV * Number of TVs
Total cost of TVs = ₹2,000 * 10
Total cost of TVs = ₹20,000
Step 2: Find the total cost of recorders
The cost of each recorder is ₹12,500, and the company purchased 10 recorders. Thus, the total cost of recorders can be calculated as:
Total cost of recorders = Cost per recorder * Number of recorders
Total cost of recorders = ₹12,500 * 10
Total cost of recorders = ₹125,000
Step 3: Apply the trade discount
The trade discount given is 20%. To calculate the discounted amount, we need to subtract the discount from the total cost of TVs and recorders. Let's calculate the discount for each item separately:
Discount on TVs = Total cost of TVs * Trade discount
Discount on TVs = ₹20,000 * 0.20
Discount on TVs = ₹4,000
Discount on recorders = Total cost of recorders * Trade discount
Discount on recorders = ₹125,000 * 0.20
Discount on recorders = ₹25,000
Step 4: Calculate the final amount to be recorded
To calculate the final amount to be recorded in the Purchase book, we need to subtract the discount from the total cost of TVs and recorders. Let's calculate the final amount:
Final amount for TVs = Total cost of TVs - Discount on TVs
Final amount for TVs = ₹20,000 - ₹4,000
Final amount for TVs = ₹16,000
Final amount for recorders = Total cost of recorders - Discount on recorders
Final amount for recorders = ₹125,000 - ₹25,000
Final amount for recorders = ₹100,000
Step 5: Calculate the total amount to be recorded
Lastly, we add the final amounts for TVs and recorders to find the total amount to be recorded in the Purchase book:
Total amount to be recorded = Final amount for TVs + Final amount for recorders
Total amount to be recorded = ₹16,000 + ₹100,000
Total amount to be recorded = ₹116,000
Therefore, the amount to be recorded in the Purchase book for the purchase of 10 TVs and recorders with a 20% trade discount is ₹116,000.
To calculate the amount to be recorded in the Purchase book, we need to consider the purchase of 10 TVs and recorders with a trade discount of 20%. Let's break down the calculation step by step:
Step 1: Find the total cost of TVs
The cost of each TV is ₹2,000, and the company purchased 10 TVs. Therefore, the total cost of TVs can be calculated as:
Total cost of TVs = Cost per TV * Number of TVs
Total cost of TVs = ₹2,000 * 10
Total cost of TVs = ₹20,000
Step 2: Find the total cost of recorders
The cost of each recorder is ₹12,500, and the company purchased 10 recorders. Thus, the total cost of recorders can be calculated as:
Total cost of recorders = Cost per recorder * Number of recorders
Total cost of recorders = ₹12,500 * 10
Total cost of recorders = ₹125,000
Step 3: Apply the trade discount
The trade discount given is 20%. To calculate the discounted amount, we need to subtract the discount from the total cost of TVs and recorders. Let's calculate the discount for each item separately:
Discount on TVs = Total cost of TVs * Trade discount
Discount on TVs = ₹20,000 * 0.20
Discount on TVs = ₹4,000
Discount on recorders = Total cost of recorders * Trade discount
Discount on recorders = ₹125,000 * 0.20
Discount on recorders = ₹25,000
Step 4: Calculate the final amount to be recorded
To calculate the final amount to be recorded in the Purchase book, we need to subtract the discount from the total cost of TVs and recorders. Let's calculate the final amount:
Final amount for TVs = Total cost of TVs - Discount on TVs
Final amount for TVs = ₹20,000 - ₹4,000
Final amount for TVs = ₹16,000
Final amount for recorders = Total cost of recorders - Discount on recorders
Final amount for recorders = ₹125,000 - ₹25,000
Final amount for recorders = ₹100,000
Step 5: Calculate the total amount to be recorded
Lastly, we add the final amounts for TVs and recorders to find the total amount to be recorded in the Purchase book:
Total amount to be recorded = Final amount for TVs + Final amount for recorders
Total amount to be recorded = ₹16,000 + ₹100,000
Total amount to be recorded = ₹116,000
Therefore, the amount to be recorded in the Purchase book for the purchase of 10 TVs and recorders with a 20% trade discount is ₹116,000.
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If xyz electronic Ltd. Purchased 10 TV @₹2,000 per piece recorders @12,500 per piece and there was a trade discount of 20%then what will be the amount to be recorded in Purchase book .?
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If xyz electronic Ltd. Purchased 10 TV @₹2,000 per piece recorders @12,500 per piece and there was a trade discount of 20%then what will be the amount to be recorded in Purchase book .? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about If xyz electronic Ltd. Purchased 10 TV @₹2,000 per piece recorders @12,500 per piece and there was a trade discount of 20%then what will be the amount to be recorded in Purchase book .? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If xyz electronic Ltd. Purchased 10 TV @₹2,000 per piece recorders @12,500 per piece and there was a trade discount of 20%then what will be the amount to be recorded in Purchase book .?.
If xyz electronic Ltd. Purchased 10 TV @₹2,000 per piece recorders @12,500 per piece and there was a trade discount of 20%then what will be the amount to be recorded in Purchase book .? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about If xyz electronic Ltd. Purchased 10 TV @₹2,000 per piece recorders @12,500 per piece and there was a trade discount of 20%then what will be the amount to be recorded in Purchase book .? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If xyz electronic Ltd. Purchased 10 TV @₹2,000 per piece recorders @12,500 per piece and there was a trade discount of 20%then what will be the amount to be recorded in Purchase book .?.
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