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Purchased goods from Rama & Sons of list price Rs.50,000 at 20% trade discount and 3% cash discoun. 75% of the payment was made immediately by cheque. Prepare journal entry with working note.?
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Purchased goods from Rama & Sons of list price Rs.50,000 at 20% trade ...
Working Note:-
Calculation of Trade discount:-
purchase amount = 50,000
20% Trade discount of 50,000=50000×20÷100=10,000.
Trade discount is 10,000.
Note:- Trade discount Not show in Journal.
Amount after Trade discount = purchase amount - trade discount.=50,000-10000 = 40,000.
calculation of Cash dicount:-
Note: -Cash dicount hum 40,000 ka karenge ab.
3% cash dicount of 40,000 = 40000×3÷100=1200.
3% cash dicount is 1200.
Now, net purchase Amount= 4000-1200=38,800.
Note:- cash Discount show karenge journal ma.
Payment only 75% of 38,800= 38,800×75÷100=29,100.
Note: - cash dicount Bhi humne jo 1200 nikal tha iska 75% hi jounal ma show karenge ye sabse important ha.
(1200×75÷100=900).
Entry:-
Purchased A/c Dr.......40,000
To Bank a/c.......29,100
To Dicount a/c....900
To Rama & sons....10,000
(Being Goods purchase from Rama&sons of Rs.40000 Of 3% cash disocount and 75% amount paid immidiately through cheque).
Tumko samjhane ke liye bs itna Bra Working note kiya nhi to working note bs 4 se 5 line mai bn jayega.....
Calculation of Trade discount:-
purchase amount = 50,000
20% Trade discount of 50,000=50000×20÷100=10,000.
Trade discount is 10,000.
Note:- Trade discount Not show in Journal.
Amount after Trade discount = purchase amount - trade discount.=50,000-10000 = 40,000.
calculation of Cash dicount:-
Note: -Cash dicount hum 40,000 ka karenge ab.
3% cash dicount of 40,000 = 40000×3÷100=1200.
3% cash dicount is 1200.
Now, net purchase Amount= 4000-1200=38,800.
Note:- cash Discount show karenge journal ma.
Payment only 75% of 38,800= 38,800×75÷100=29,100.
Note: - cash dicount Bhi humne jo 1200 nikal tha iska 75% hi jounal ma show karenge ye sabse important ha.
(1200×75÷100=900).
Entry:-
Purchased A/c Dr.......40,000
To Bank a/c.......29,100
To Dicount a/c....900
To Rama & sons....10,000
(Being Goods purchase from Rama&sons of Rs.40000 Of 3% cash disocount and 75% amount paid immidiately through cheque).
Tumko samjhane ke liye bs itna Bra Working note kiya nhi to working note bs 4 se 5 line mai bn jayega.....
Community Answer
Purchased goods from Rama & Sons of list price Rs.50,000 at 20% trade ...
Purchases A.c. Dr 40000To bank a.c. 29100To discount received a.c. 900 To rama and sons a.c. 10000
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Purchased goods from Rama & Sons of list price Rs.50,000 at 20% trade discount and 3% cash discoun. 75% of the payment was made immediately by cheque. Prepare journal entry with working note.?
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Purchased goods from Rama & Sons of list price Rs.50,000 at 20% trade discount and 3% cash discoun. 75% of the payment was made immediately by cheque. Prepare journal entry with working note.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Purchased goods from Rama & Sons of list price Rs.50,000 at 20% trade discount and 3% cash discoun. 75% of the payment was made immediately by cheque. Prepare journal entry with working note.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Purchased goods from Rama & Sons of list price Rs.50,000 at 20% trade discount and 3% cash discoun. 75% of the payment was made immediately by cheque. Prepare journal entry with working note.?.
Purchased goods from Rama & Sons of list price Rs.50,000 at 20% trade discount and 3% cash discoun. 75% of the payment was made immediately by cheque. Prepare journal entry with working note.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Purchased goods from Rama & Sons of list price Rs.50,000 at 20% trade discount and 3% cash discoun. 75% of the payment was made immediately by cheque. Prepare journal entry with working note.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Purchased goods from Rama & Sons of list price Rs.50,000 at 20% trade discount and 3% cash discoun. 75% of the payment was made immediately by cheque. Prepare journal entry with working note.?.
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