Purchased goods for cash Rs.50000 @18% GST less 10%cash discount.​- Journalise the following transaction

Purchased goods from Manoj of Rs 20,000 at 20% trade discount. Posting will be made in Manoj A/c:

From the following tansaction, state the nature of accounts and state the accounts which will be debited and credited: 1. Ganesh started business with Cash Rs.2,00,000. 2. Purchased goods for Cash Rs. 60,000. 3. Sold goods for cash Rs.75,000. 4. Purchased goods from Nakul on Credit for Rs. 80,000. 5. Sold goods to Bhushan on Credit fro Rs. 50,000. 6. Paid Cash to Nakul Rs. 20,000. 7. Received Cash from Bhushan Rs. 10,000. 8. Paid salary Rs. 20,000.

(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% .

Prepare 'Accounting Equation' from the following : (a) Started business with cash Rs.1,00,000. (b) Purchased goods for cash Rs.20,000 and on credit Rs.30,000. (c ) Sold goods for cash costing Rs. 10,000 and on credit costing Rs. 15,000 both at a prodit of 20%.

Journalise the following transactions in the books of M/s. R.K. & Co.: (i) Purchased goods of list price of Rs. 20,000 form Vishal at 20% trade discount against cheque payment. (ii) Purchased goods of list price of Rs. 20, 000 from Naman at 15% trade discount against cash. (iii) Purchased goods of list price of Rs. 30,000 from Amrit at 20% trade discount. (iv) Purchased goods of list price of Rs. 40,000 for Rs. 35,000 for cash. (v) Goods returned of list price of Rs. 10,000 purchased from Amrit. (vi) Sold goods to Parul of list price of Rs. 40,000 at 10% trade discount against cheque payment. (vii) Sold goods to Aman of list price of Rs. 30,000 at 10% trade discount against cash. (viii) Sold goods to Pawan of list price of Rs. 20,000 at 10% trade discount. (ix) Sold goods to Yamini of list price of Rs. 25,000 for Rs. 23,000. (x) Sold goods costing Rs. 10,000 at cost plus 20% less 10% trade discount to Bhupesh. (xi) Sold goods purchased at list price of Rs. 50,000 less 15% . trade discount sold at a profit of 25% less 10% trade discount against cheque. (xii) Aman returned goods of list price of Rs. 10,000 sold to him at 10% trade discount.

One saree was purchased for Rs. 564 after getting a discount of 6% and another saree was purchased for Rs. 396 after getting a discount of 1%. Taking both the items as a single transaction, what is the percentage of discount ?

Prove that Accounting Equation is satisfied in all following transactions of Sameer Goel : (i) Started business with Cash Rs. 1,00,000. (ii) Paid rent in advance Rs.3,000. (iii) Purchased goods for cash Rs.50,000 and Credit Rs. 20,000. (iv) Sold goods for Cash Rs. 80,000 costing Rs. 40,000. (v) Paid salary in cash in cash Rs. 4,500 and salary outstanding Rs. 1,000. (vi) Bought motor cycle for personal use Rs. 30,000.

Anil purchased a laptop for MRP Rs 50000 10% discount on MRP was given 18% GST was charge on disount price find the amount of CGST and SGST what amount did anil pay?

From the following transactions, state the nature of accounts and state which account will be debited and which account will be credited : 1. Sahdev started business with cash Rs. 5,00,000. 2. Purchased goods for cash Rs. 20,000. 3. Purchased goods from Raghubir on credit for Rs.25,000. 4. Purchased furniture from Fancy Furniture House for Rs.1,50,000 on credit. 5. Sold goods for cash R. 30,000. 6. Sold goods to Yuvraj on credit for Rs. 50,000. 7. Cash paid to Raghubir Rs. 20,000. 8. Cash received from Yuvraj Rs. 15,000. 9. Paid rent Rs. 10,000.