Mittal Cycles purchased 100 cycles from from Hero Cycles, Ludhiana (Panjab) @ Rs. 1,200 per cycle plus IGST @ `12%`. Hero Cycles allowed `10%` Trade Discount and `3%` Cash Discount if paymaent is made within 14 days. Mettal Cysles received 10 cycles damaged during transit, which it returned. Mittal Cycles settled the payment in 10 days time.
Pass Journal entries for the above transactions.

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.

Oswal Woollen Mills, Amritsar (Punjab) sold shawls to Gupta Shawls, Jaipur as per details: Sold 100 shawls @ Rs. 200 per shawl on 4th January, 2019, IGST is levied @ 12% . Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Gupta Shawls sent 50% of the payment on 14th January, 2019 and balance payment on 10th February, 2019. Pass Journal entries.

Bina Watch Co., Delhi purchased 25 pieces of ''Time Star'' brand wrist watch from ''Pioneer Watches'', Delhi at list price of Rs. 2,000 per piece less 10% Trade Discount and Cash Discount of 2% on payment within 15 days from the date of the transaction. Pass the Journal entries in the books of both the parties.

Pass Journal entry for sale of goods by Rahul, Delhi to Anish, Delhi for Rs. 10,000 less 10% Trade Discount and 2% Cash Discount. Assume payment is received at the time of sale. CGST and SGST is levied @ 6% each.

Pass Journal entry for purchase of goods by Amrit, Delhi form Add Gel Pens, Delhi for Rs. 15,000 less Trade Discount 10% and Cash Discount 3% CGST and SGST is levied @ 6% each. Assume payment is made at the time of purchase.

(Journal Entries Involving Cash Discount). Pass the Journal entries for the following transactions: (i) Purchased goods from Sanjiv of Rs. 40,000 plus IGST @ 18% at 10% Trade Discount and 2.5% Cash Discount. Paid amount at the time of purches itself. (ii) Purchased goods from Vijay of Rs. 40,000 plus IGST @ 18% at 10% Trade Discount and 3% Cash Discount. Half of the amount paid at the time of purchase. (iii) Sold goods to Anil for Rs. 20,000 plus CGST and SGST @ 9% each, allowed him 10% Trade Discount and 3% Cash Discount. Received half of the amount by cash and balance half by cheque immediately. (iv) Sold goods to Ajay for Rs. 50,000 plus CGST and SGST @ 9% each allowing 10% Trade Discount and 2% Cash Discount. Half of the amount received by cheque immediately. (v) Sold goods costing Rs. 40,000 to Anil against a currect dated cheque at a profit of 25% on cost less 20% trade discount plus IGST @ 18% . Cash discount is allowed @ 2% .

M/s Auto Aid, Delhi purchased 500 pieces of car horns @ Rs. 200 each less 10% Trade Discount plus IGST @ 12% from M/s Auto Horns, Chandigarh. What is the invoice value?

Jain Ltd. purchased machinery costing Rs. 10,00,000 from Ayer Ltd. 50% of the payment was made by cheque and for the remaining 50%, the company issued Equity Shares of Rs. 100 each at a premium of 25%. Pass necessary Journal entries in the books of Jain Ltd. for the above transactions.

M/s Vaish Traders, Delhi purchased 500 Parker Pens @ Rs. 200 each less Trade Discount @ 15% from Luxor Pens Ltd., Delhi. CGST and SGST was levied @ 6% each. Further, Cash Discount was allowed @ 5% as the payment was made within specified time. What will be the amount of trade discount and cash discount?

Sarijan Limited issued Rs. 10,00,000 new capital divided into Rs. 100 shares at a premium of Rs. 20 per share, payable as under : {:("On Application","Rs. 10 per share"),("On Allotment","Rs. 40 per share (including premium of Rs. 10 per share)"),("On First and Final Call","Balance"):} Over-payments on applicatio were to be applied towards sums due on allotment and first and final call. Where no alotment was made, money was to be refunded in full. The issue was oversubscribed to the extent of 13,000 shares. Applicants for 12,000 shares were allotted only 2,000 shares and applicants for 3,000 shares were sent letters of regret and application money was returned to them. All the money due duly received. Give Journal Entries to record the above transactions (including cash transactions) in the books of the company.