which purchase value show in trading account
Ashish Gupta (M.Com) (62 Points)
28 May 2018Purchase 100.00
Less : discount 10.00
- - - - ------
90.00
Add: GST. @ 12% 10.80
TOTAL. - - - - - -
108.00
Ashish Gupta (M.Com) (62 Points)
28 May 2018
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 28 May 2018
Originally posted by : Ashish Gupta | ||
an invoicePurchase 100.00Less : discount 10.00 - - - - ------ 90.00Add: GST. @ 12% 10.80TOTAL. - - - - - - 108.00 |
Purchase Amt- 90
Discount ( Direct Expenses ) Rs. 10
Input Credit Rs. 10.80 ( If Receiver Registered under GST )
Ashish Gupta
(M.Com)
(62 Points)
Replied 28 May 2018
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 May 2018
Originally posted by : Ashish Gupta | ||
On sale side what is sales amount in trading account |
If You are not give discount to your customers then you ll prepare as per below...
Rs. 90 + Your Profit Margin = XXX
GST @ 12% - XXX
Total = XXXX...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 May 2018
Originally posted by : Ashish Gupta | ||
On sale side what is sales amount in trading account |
If You will give discount to your customers then you ll prepare as per below...
Rs. 100 (-) Discount Value (+) Your Profit Margin = XXX
GST @ 12% - XXX
Total = XXXX...
Ashish Gupta
(M.Com)
(62 Points)
Replied 28 May 2018
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 May 2018
Vinod Babu
(24191 Points)
Replied 28 May 2018