Purchased good for rs 8000 for cash at a trade discount 10%and cash di

1.	Purchased good for rs 8000 for cash at a trade discount 10%and cash discount 2%(Journal entry for this)
Answer» FIRST you have to CUT 10 percent trade DISCOUNT out of the entry. purchase A/C DR 7,200 to cash A/C 7,056 to discount RECEIVED A/C 144 (being goods purchased)

Purchased good for rs 8000 for cash at a trade discount 10%and cash discount 2%(Journal entry for this)

Answer»

FIRST you have to CUT 10 percent trade DISCOUNT out of the entry.

purchase A/C DR 7,200

to cash A/C 7,056

to discount RECEIVED A/C 144

(being goods purchased)

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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 ?

Purchased good for rs 8000 for cash at a trade discount 10%and cash discount 2%(Journal entry for this)​

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Purchased good for rs 8000 for cash at a trade discount 10%and cash discount 2%(Journal entry for this)