Going concern Concept.25. Joumalise the following transactions in the

1.	Going concern Concept.25. Joumalise the following transactions in the books of Mathur Bros.2019Feb.5 Purchased goods from Manohar Lal of the List prioce of Rs. 50,000 for Rs.46,000.Feb 17 Purchased goods costing Rs. 1,00,000 from Sahil & Co.Paid 60% Immediatelyby cheque to avail 5 % discountFeb 24 Sold goods to Kishore & Co. of the list price of Rs. 40,000 for Rs. 38,000.Feb. 26 Sold to Kanika & Co. goods costing Rs. 1,00,000 at 20 %. profit, allowing 10Strade discount and 5 % cash discount. Kanika & Co, made 40 % paymentimmediately by choque.
Answer» Answer: Goods PURCHASE A/c.........DR. 46000 To Manohar LAL A/c. 46000

Going concern Concept.25. Joumalise the following transactions in the books of Mathur Bros.2019Feb.5 Purchased goods from Manohar Lal of the List prioce of Rs. 50,000 for Rs.46,000.Feb 17 Purchased goods costing Rs. 1,00,000 from Sahil & Co.Paid 60% Immediatelyby cheque to avail 5 % discountFeb 24 Sold goods to Kishore & Co. of the list price of Rs. 40,000 for Rs. 38,000.Feb. 26 Sold to Kanika & Co. goods costing Rs. 1,00,000 at 20 %. profit, allowing 10Strade discount and 5 % cash discount. Kanika & Co, made 40 % paymentimmediately by choque.

Answer»

Answer:

Goods PURCHASE A/c.........DR. 46000

To Manohar LAL A/c. 46000

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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