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प्रश्न
Which of the following statements is not true?
पर्याय
Cash discount is recorded in the books of accounts
Assets purchased on credit are recorded in journal proper
Trade discount is recorded in the books of accounts
3 grace days are added while determining the due date of the bill
उत्तर
Trade discount is recorded in the books of accounts
APPEARS IN
संबंधित प्रश्न
Purchases book is used to record __________.
A periodic total of the purchases book is posted to the _____________.
What is a purchase book?
What is an invoice?
Give the format of purchases book.
Prepare necessary subsidiary books in the books of Niranjan and also Sachin account and Mukil account from the following transactions for the month of February, 2017.
| 2017 | Particulars | ₹ |
| Feb. 1 | Purchased goods from Mukil Traders on credit | 12,480 |
| Feb. 4 | Goods sold to Sachin Traders on credit | 15,000 |
| Feb. 6 | Sold goods to Manish Traders on credit | 12,100 |
| Feb. 7 | Sachin Traders returned goods for which cash is not paid | 1,200 |
| Feb. 9 | Returned goods to Mukil Traders for which cash is not received | 1,500 |
| Feb. 10 | Sold goods to Manish & Co., on credit | 13,300 |
| Feb. 14 | Purchased from Mukil Traders on credit | 15,200 |
What do you understand by ledger folio?
What is difference between trade discount and cash discount?
Write the process of preparing ledger from a journal
Enter the following transactions in the Purchase Journal (Book) of M/s Gupta Traders of July 2017:
|
01 |
Bought from Rahul Traders as per invoice no. 20041 |
|
40 Registers @ ₹ 60 each |
|
|
80 Gel Pens @ ₹ 15 each |
|
|
50 note books @ ₹ 20 each |
|
|
Trade discount 10%. |
|
|
15 |
Bought from Global Stationers as per invoice no. 1132 |
|
40 Ink Pads @ ₹ 8 each |
|
|
50 Files @ ₹ 10 each |
|
|
20 Color Books @ ₹ 20 each |
|
|
Trade Discount 5% |
|
|
23 |
Purchased from Lamba Furniture as per invoice no. 3201 |
|
2 Chairs @ 600 per chair |
|
|
1 Table @ 1,000 per table |
|
|
25 |
Bought from Mumbai Traders as per invoice no. 1111 |
|
10 Paper Rim @ ₹ 100 per rim |
|
|
400 drawing Sheets @ ₹ 3 each |
|
|
20 Packet waters colour @ ₹ 40 per packet |
