January 10 Goods purchased from Vinit & company Rs.1250000 at 20% trade discount. January 15 amount paid to Vinit & company by cheques Rs.400000. January 19 Goods purchased from Vinit & company Rs.1000000 at 20% trade discount. January 26 Cash paid to Vinit and company Rs.150000. journal entry

January 10 Goods purchased from Vinit & company Rs.1250000 at 20% trad

1.	January 10 Goods purchased from Vinit & company Rs.1250000 at 20% trade discount. January 15 amount paid to Vinit & company by cheques Rs.400000. January 19 Goods purchased from Vinit & company Rs.1000000 at 20% trade discount. January 26 Cash paid to Vinit and company Rs.150000. journal entry
Answer» Journaljan.10. PURCHASE account DR 1000000 To VINIT.&co. 1000000 (1250000-250000)jan 15 Vinit &co. dr 400000 To bank a/c. 400000jan 19 Purchase a/c. dr 800000 To Vinit &co. 800000 (1000000-200000)jan.26. Vinit &co. dr 150000 To cash account. 150000

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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