Purchased Goods from Mohan on credit Rs.80,000 at 10% Trade Discount




 Purchased Goods from Mohan on credit Rs.80,000 at 10% Trade Discount journal entry

DATE 

PARTICULARS 

L/F 

DEBIT 

CREDIT

5 

Purchase A/c               Dr. 

        To Mohan A/c  

[Being Purchased goods from Mohan on credit at 10% Discount] 

 

72,000 

 

72,000 


5. Purchased goods from Mohan on Credit at 10% Trade Discount. Purchase account debit to Mohan account because Mohan is not paying the amount immediately. And Calculation of Trade Discount is on Cash price. Trade Discount is not recorded in the books of accounts.


Edaccountancy provide free commerce accounts solution of class 11th maharashtra board.

 class 11th journal entries questions

class 11 accounts journal entry questions

journal entry questions for class 11 pdf

journal entries practical problems class 11


commerce maharashtra board accountancy solutions

Comments

Post a Comment

Popular posts from this blog

Sun and Moon are Partners in Partnership Firm sharing Profits and Losses equally. You are required to give effects of Adjustments with the help of following information

Trial Balance as on 31st March, 2019   Debit Balance   Amount   Credit Balance   Amount   Land & Building   40,000  Capital A/c Sun  33,500   Moon  33,500  Furniture  18,000  Current A/c: Sun   6,000  Machinery  40,000  Sundry Creditors  25,000  (Purchased on 01/07/18)    Bank Overdraft   10,000  Goodwill  2,000  Reserve Fund  5,000  Wages  2,000  Provident Fund  5,000  Current A/c: Moon  4,000      8% Debentures  8,000      (Purchased on (01/10/18)        Providend Fund Investment  3,500      Stock of Postal stamps  500        1,18,000     1,18,000               Adjustments:   1. Partners are entitled to get salary 6,000 p.a. in additional to their profit & loss shari...
Read more

CLASS 11th BOOK KEEPING & ACCOUNTANCY

Class 11 Chapter 3 - Journal Entry Solution     Class 11 Chapter 4 - Ledger Accounts   Class 11 Chapter 5 - Subsidiary Book Solution   Class 11 Chapter 6 - Bank Reconciliation Statement     Class 11 Chapter 7 - Depreciation       Class 11 Chapter 8 - Rectification of Errors Solution in Accounting Journal Entry   Class 11 Chapter 9 - Final Account of Proprietary Concern         Maharashtra board Class 11th chapter 3 Journal Entry Solutions
Read more

Accounts Solutions | Class 12th Book-Keeping and Accountancy | Maharashtra Board HSC |

Maharashtra State Board HSC Notes Online Solution for Free Check Out the Sum Solutions. This are the HSC notes online with Calculation and explanatory notes. Class 12th Chapter 1. Introduction to Partnership Final Accounts Class 12th Chapter 2. Accounts of 'Not for Profit' Concerns Class 12th   Chapter  3 . Reconstitution of Partnership (Admission of Partner) Class 12th   Chapter 7. Bills of Exchange Class 12th Chapter 8. Company Accounts: Issue of Shares "Other Chapters Coming Soon"
Read more

Virat Kohli - Profile Information

Attribute Details
Name Virat Kohli
Born November 5, 1988 (35 years)
Birth Place Delhi, India
Height 5 ft 9 in (175 cm)
Role Batsman
Batting Style Right Handed Bat
Bowling Style Right-arm medium