which voucher will be prepared for this....and how to draft it ..
3. Shivani Cycle Company , Kanpur sends the following goods to Shruti Sales Corporation, Jabalpur by goods train :
40 Bicycles Gold Star @ Re 650 per bicycle
20 Bicycles Avon @ Re 625 per bicycle
50 Bicycles Rallis @ Re 700 per bicycle.
The goods were sent on 10% trade discount and R/R was sent through State Bank of India, Main Branch. The seller made the following expenses—packing Re 150, cartage Re 75, freight Re 650. The seller received a draft of Re 5,000 in advance. The seller gives 3 % discount on spot payment and 2% discount if payment is made within a month.
Prepare a proper invoice and also make an imaginary bank draft and prepare a suitable voucher for the above transaction.
Dear Student,
Credit Voucher is prepared is prepared for such problem.
If Company pays immediately a cash discount of 3% is offered. So, final payment would be Rs 60,164 (62,025-1,861) through a bank draft.
Bank Draft
Regards
Credit Voucher is prepared is prepared for such problem.
| Shivani Cycles Company, Kanpur | |||
| Quantity | Particulars | Rate | Amount |
| 40 | Cycles Gold Star | 650 | 26,000 |
| 20 | Cycles Avon | 625 | 12,500 |
| 50 | Cycles Rallis | 700 | 35,000 |
| 73,500 | |||
| Less: Trade discount @10% | 7,350 | ||
| 66,150 | |||
| Less: Advance | 5,000 | ||
| 61,150 | |||
| Add: Exp- | |||
| Packing charges | 150 | ||
| Cartage | 75 | ||
| Freight | 650 | ||
| Net Payment | 62,025 | ||
If Company pays immediately a cash discount of 3% is offered. So, final payment would be Rs 60,164 (62,025-1,861) through a bank draft.
Bank Draft
| Punjab National Bank 18.12.2017 |
| On Demand Pay: Shivani Cycles Company, Kanpur |
| Rupees: Sixty thousand one hundred sixty four only |
| For Value Received Rs 60,164 |
| Signature |
Regards