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M/s Auto Help, Delhi purchased 500 piece...

M/s Auto Help, Delhi purchased 500 pieces of motor cycle horns at Rs. 100 each plus IGST @ `12%` from M/s G.S.,Auto, Ghaziabad, (UP). Trade terms settled were: Trade Discount will be allowed @ `10%` and Cash Discount @ `5%` if payment is made within 7 days .M/s. Auto Help made the payment after 30 days. Determine the amount of Trade Discount and Cash Discount.

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The correct Answer is:
[trade Discount -Rs. 5,000; Cash Discount will not be allowed because payment is not made within the specified time of 7 days.]
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TS GREWAL-JOURNAL-Practical problems
  1. M/s Auto Aid, Delhi purchased 500 pieces of car horns @ Rs. 200 each l...

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  2. M/s Vaish Traders, Delhi purchased 500 Parker Pens @ Rs. 200 each less...

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  3. M/s Auto Help, Delhi purchased 500 pieces of motor cycle horns at Rs. ...

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  4. Name the accounts to be credited along with the amount for payment to ...

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  5. Pass Journal entry for sale of goods by Rahul, Delhi to Anish, Delhi ...

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  6. Pass Journal entry for purchase of goods by Amrit, Delhi from Ayur Pro...

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  7. Pass Journal entry for purchase of goods by Amrit, Delhi form Add Gel ...

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  8. Mittal Cycles purchased 100 cycles from from Hero Cycles, Ludhiana (Pa...

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  9. Oswal Woollen Mills, Amritsar (Punjab) sold shawls to Gupta Shawls, Ja...

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  10. Journalise the following transactions in the books of Ashok: (i) Rec...

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  11. Enter the following transactions in the Journal of Suresh, Delhi who t...

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  12. Journalise the following transactions:

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  13. Journalise the following in the books of Amit, Saini, Gurugram (Harua...

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  14. Journalise the following transactions in the books of Mohan, Delhi: ...

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  15. Pass Journal entries in the books of Puneet, Delhi for the following: ...

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  16. D. Chadha, Delhi commenced business on 1st January, 2019. His transac...

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  17. Journalise the following transactions in the books of Manoj Store: (...

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  18. On 1st April, 2019 , the position of Rahman was as follows: Cash-in-Ha...

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  19. On 1st April, 2019, the position of Tendulkar was as following: Stock-...

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  20. Pass the Opening Entry from the following Balance Sheet as at 31st Ma...

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