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.

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.

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 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.

Crysta Hospitality Ltd. invited applications for 1,00,000 equity shares of Rs. 50 each payable as under: {:("On Application",,"Rs.10 per share,",),("On Allotment",,"Rs. 15 per share,",),("On First Call (due two months after allotment)",,"Rs. 15 per share,",),("On Second and Final Call (due two months after First Call)",,"Rs. 10 per share.",):} Applications were received for 4,00,000 shares on 1st January, 2019 and allotment was made on 1st February , 2019. Pass Journal entries for issue of shares under each of the following cases: (a) Allotted 1,00,000 shares in full to selected applicants and the applications for the remaining 3,00,000 shares were rejected. (b) Pro rata allotment of 25 25 per cent of the shares applied to every applicant, to apply the balance of application money towards amount due on allotment, and to refund the balance amount. (c) Reject applications for 2,00,000 shares, accept full applications for 80,000 shares and make a pro rata allotment of 20,000 shares to remaining application money to be adjusted towards allotment and calls .

(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% .

X sells goods for ₹ 40,000 to Y on 1st January , 2019 and on the same day draws a bill on Y at three months for the amount. Y acceopts it and returns it to X, who discounted it on 4th January , 2019 with his bank at 6%p.a.. The accepteance is dishonoured on the due date and the noting charges were paid by bank being ₹ 200. On 4th April 2019, Y accepts a new bill at three months for the amount then due to X togther with interset at 12% p.a. Make Journal to record these transcations in the books of X.

Ashok draws on Brij three Bills of Exchange for ₹ 5,000, ₹ 4,000 and ₹ 3,000 respectively for goods sold to him on 1st February, 2019. these bills was endorsed to hus creditor Chand.the second bill was discounted @ 12% p.a. with bank on 4th February , 2019 and the thrid bill was sent to bank for collection on 30th April. on the due dates , all the bills were met by Brij. the bank sent the collection advice for the third after deducting ₹ 25 as collection charges. Pass the journal entries in the books in the bools of Ashol and Brij. (Ignore GST)