[" Bina Watch Co.,Delthi purchased "25" pieces of "Time Star" brand wrist watch "],[" Pioneer Watches",Delhi at list price of "$2,000" per piece less "10%" Trade Dis "],[" and Cash Discount of "2%" on payment within "15" days from the date of the transe "],[" pass the Journal entries in the books of both the parties."]

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.

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.

A sells goods of ₹ 10,000 on 1st March, 2019 to B on credit. B accepts a bill on the same date for the amount payable three months after date. A discounts the bill at 6% p.a. from bank on 4th April.On maturity, the bill is met by B. Pass the necessary Journal entries in the books of both the parties.

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.

Z Ltd. purchased furniture costing Rs. 2,20,000 from C.D. Ltd. The payment was to be made by issue of 9% Preference Shares of Rs. 100 each at a premium of Rs. 10 per share. Pass necessary Journal entries in the books of Z Ltd.

Z Ltd. purchased furniture costing Rs. 2,20,000 from C.D Ltd. The payment was to be made by issue of 9% Preference Shares of Rs. 100 each at a premium of Rs. 10 per share. Pass necessary Journal entries in the books of Z Ltd.

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.

On 15th June , 2019 Mohan sold goods to Sohan valued at ₹ 2,000. He drew a bill at 3 months for the amount and discounted the same with his bank for ₹ 1,960 . On the due date the bill was dishonoured and Mohan paid to the amount due plus the noting charges of ₹ 10. Pass the necessary Journal entries in the book of all parties.

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.