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(Trade Discount and Cash Discount on …

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(Trade Discount and Cash Discount on Part Payment are allowed) Om & Co., Delhi sold goods to Mohan, Delhi of List Price 1,00,000, less Trade Discount 20% Cash Discount is 9% on the amount paid Mohan & Co. paid 50,000 immediately. Rate of CGST and SGST is 6% each. Invoice prepared by Om & Co. will be as follows:

Posted by Himika Tumram 3 years ago

CBSE > Class 11 > Accountancy

1 answers

Fardeen Khan 2 years, 11 months ago

Cash A/c dr.. 49000 Mohan A/c dr.. 30000 Discount All. A/c dr.. 90000 To Sales A/c 80000 To Output C.G.S.T 4500 To Output S.G.S.T 4500 (Being Goods sold to Mohan)

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