(vii) Goods of Rs. 30,000 ir (iv) Purchased goods of list price of 40.000 for 35,000 for cash. (xv) Goods costing Rs. (iii) Purchased goods of list price of or list price of 30,000 from Amrit at 20% trade discount. (iv) Purchased goods of list price of ₹ 40,000 for ₹ 35,000 for cash. (v) Sold goods to Arjun of Delhi of list price Rs. 20,000. (vi) Sold goods to Parul of list price of 40,000 at 10% trade discount against cheque payment. discount of 5%. 5,000 and installation charges Rs.10,000. 10,000. (vii) Sold goods to Aman of list price of ₹ 30,000 at 10% trade discount against cash. Goods on sales or return … Payment terms were 1/15, n/45. (U) Goods returned of list price of 110.000 purchased from Amrit. (iii) Purchased goods of list price of ₹ 30,000 from Amrit at 20% trade discount. Prepare the following account in the books of ‘X’. (vii) Sold goods to Aman of list price of ₹ … Goods are to be returned within 15 days from the dispatch, failing which it will be treated as sales. (vi) Sold goods to Parul of list price of ₹ 40,000 at 10% trade discount against cheque payment. 5,000; Sunil Rs. (iv) Purchased goods of list price of ₹ 40,000 for ₹ 35,000 for cash. (v) Goods returned of list price ₹ 10,000 purchased from Amrit. 2,000. These goods were purchased within Delhi. From the following particulars relating to 2010-11 and 2011-2012 ascertain the profit made at Delhi Branch in the two years. He paid the amount on the same day and availed the cash discount. Illustration 1: Amrit Oils Ltd opens a branch at Delhi on 1st April, 2010. Trade discount @ 10% and cash discount of 5% was allowed. The books of ‘X’ are closed on the 31st December, 2017. (vi) Sold goods to Parul of list price of ₹ 40,000 at 10% trade discount against cheque payment. Goods are invoiced to the branch at cost plus 33 1 / 3 % which is the selling price. Q1 : On Jan 01, 2006 Rao sold goods Rs 10,000 to Reddy. (xiv) Purchased machinery for Rs. d. It refers to a reduction in list price. Additional machinery was acquired for 20 … .000 onApril 2009 and for * 28,100 on 30th September, 2012. Lindbergh Soriano purchased goods with a list price of P100,000 on Jan. 1 with a trade. 56,000 including IGST of Rs. Suppose UCU Store received the settlement of debt from Lindbergh Soriano by cash. If collection occurs before the discount expires, what is the effect of … A firm whose books are closed on 31st March, purchased machinery-P 50,000 on 1st April, 2008. (v) Goods returned of list price ₹ 10,000 purchased from Amrit. (iv) Purchased goods of list price of ₹ 40,000 for ₹ 35,000 for cash. (v) Goods returned of list price ₹ 10,000 purchased from Amrit. (iv) Purchased goods at list price of ₹ 40,000 for ₹ 35,000 for cash. (v) Goods returned of list price ₹ 10,000 purchased from Amrit. 1,000 given as charity. (vi) Sold goods to Parul at list price of ₹ 40,000 at 10% trade discount against cheque payment. Reddy accepted the bill and returned it to Rao. 1,000 June 16 Settled the account of Brij Mohan by paying cash, under discount of 4% June 18 Purchased goods from Anil Rs. (vi) Sold goods to Parul of list price of ₹ 40,000 at 10% trade discount against cheque payment. June 10 Purchased goods from Brij Mohan of the list price of Rs. Based on the following information, answer Questions 10 to 11. 6,000 and paid cartage thereon Rs. Half of the payment was made immediately and for the remaining half Rao drew a bill of exchange upon Reddy payable after 30 days. 10,000 at 15% Trade discount June 13 Returned goods to Brij Mohan of the list price of Rs. JJ Co. purchased on account merchandise with a list price of $10,000. Goods on “sales or return, sold and returned day books”. (vi) Received cash for a bad debt written off last year Rs. (iii) Purchased goods at list price of ₹ 30,000 from Amrit at 20% trade discount.