WebBought goods for cash of the list price of ₹ 80,000 at 10% trade discount and 2 1 2 % cash discount. 5 : Sold goods for cash of the list price of ₹ 1,00,000 at 15% trade discount and … WebMay 19, 2011 · December 8, he sold goods for cash Rs. 60,000. 5. December 10, he purchased furniture and paid by cheque Rs. 50,000. 6. ... The proprietor has taken goods …
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WebApr 13, 2024 · 1. Commenced business with cash of ₹ 5, 00,000. 2. Purchased equipment for cash ₹ 2, 00,000. 3. Purchased furniture worth ₹50,000 on credit from IndiMart. 4. … WebHere you can find the meaning of Pass journal entry for the following : (1) Received order for Rs 20,000 from kumar for supply of goods and received Rs 12,000 as an advance together with the order. (2) Goods worth Rs 20,000 supplied to kumar against the order and advance previously received from him. defined & explained in the simplest way ... high country gardens bearded iris
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WebJun 1, 2024 · Question . Sold goods worth list price of Rs.8,000 at 10% trade discount and 2% cash discount. 25% received at the time of transaction only. The amount posted to … WebCost of goods sold is Rs. 40,000. Sold on cash 20% of profit Rs. 40,000 × 20100 = Rs. 8,000. Selling price = Rs. 40,000 + Rs. 8,000 ... 2011 with a capital of Rs. 3,00,000. On 31st … WebPurchased goods for cash Rs 20,000 and Credit Rs 30,000. 3. Sold goods for cash 40,000, costing 30,000. 4. ... 2013 with a capital of ₹ 6,00,000. On 31st March 2014, his assets were worth ₹ 78,00,000 and liabilities ₹ 50,000. ... Question 20. Goods costing ₹ 10,000 have been sold for cash at 25% profit. high country furniture nc