which purchase value show in trading account

Accounts 592 views 9 replies
an invoice
Purchase 100.00
Less : discount 10.00
- - - - ------
90.00
Add: GST. @ 12% 10.80
TOTAL. - - - - - -
108.00
Replies (9)
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 )

Yes Mr Ravi sir is Right 👍👍👍
On sale side what is sales amount in trading account
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...

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...

Good explanation sir👍👍👍
Sir I made an invoice
Sale. 100
Dis. . 10
----
90
Add gst. 10.80
TOTAL. - - ------- - -
101 80


Then what is the sale value in trading account
Rs. 100 is Your Sale value for Trading Account.
Sales values in trading account is sales- (sales returns + discount)


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