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Pass Journal entries for the following transactions of Nidhi:April 1Nidhi introduced capital to start a business: in cash; and 1,00,000by cheque 5,00,000April 1 Purchased goods against cash 25,000April 2 Purchased goods of ₹2,00,000 less Trade Discount 10% from Prabhat Electric Co. on the terms that on payment received within 10 Days, Cash Discount will be allowed @ 5% and on payment received within next 20 days, 2% Cash Discount will be allowed.April 2 Issued cheque as advance for goods 1,00,000April 3 Purchased goods of 2,00,000 less 25% Trade Discount and paid immediately availing Cash Discount of 2% Payment was made by Bank Draft paying 200 as Bank ChargesApril 5 Sold goods against cash 40,000? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Pass Journal entries for the following transactions of Nidhi:April 1Nidhi introduced capital to start a business: in cash; and 1,00,000by cheque 5,00,000April 1 Purchased goods against cash 25,000April 2 Purchased goods of ₹2,00,000 less Trade Discount 10% from Prabhat Electric Co. on the terms that on payment received within 10 Days, Cash Discount will be allowed @ 5% and on payment received within next 20 days, 2% Cash Discount will be allowed.April 2 Issued cheque as advance for goods 1,00,000April 3 Purchased goods of 2,00,000 less 25% Trade Discount and paid immediately availing Cash Discount of 2% Payment was made by Bank Draft paying 200 as Bank ChargesApril 5 Sold goods against cash 40,000? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Pass Journal entries for the following transactions of Nidhi:April 1Nidhi introduced capital to start a business: in cash; and 1,00,000by cheque 5,00,000April 1 Purchased goods against cash 25,000April 2 Purchased goods of ₹2,00,000 less Trade Discount 10% from Prabhat Electric Co. on the terms that on payment received within 10 Days, Cash Discount will be allowed @ 5% and on payment received within next 20 days, 2% Cash Discount will be allowed.April 2 Issued cheque as advance for goods 1,00,000April 3 Purchased goods of 2,00,000 less 25% Trade Discount and paid immediately availing Cash Discount of 2% Payment was made by Bank Draft paying 200 as Bank ChargesApril 5 Sold goods against cash 40,000?.

Solutions for Pass Journal entries for the following transactions of Nidhi:April 1Nidhi introduced capital to start a business: in cash; and 1,00,000by cheque 5,00,000April 1 Purchased goods against cash 25,000April 2 Purchased goods of ₹2,00,000 less Trade Discount 10% from Prabhat Electric Co. on the terms that on payment received within 10 Days, Cash Discount will be allowed @ 5% and on payment received within next 20 days, 2% Cash Discount will be allowed.April 2 Issued cheque as advance for goods 1,00,000April 3 Purchased goods of 2,00,000 less 25% Trade Discount and paid immediately availing Cash Discount of 2% Payment was made by Bank Draft paying 200 as Bank ChargesApril 5 Sold goods against cash 40,000? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Pass Journal entries for the following transactions of Nidhi:April 1Nidhi introduced capital to start a business: in cash; and 1,00,000by cheque 5,00,000April 1 Purchased goods against cash 25,000April 2 Purchased goods of ₹2,00,000 less Trade Discount 10% from Prabhat Electric Co. on the terms that on payment received within 10 Days, Cash Discount will be allowed @ 5% and on payment received within next 20 days, 2% Cash Discount will be allowed.April 2 Issued cheque as advance for goods 1,00,000April 3 Purchased goods of 2,00,000 less 25% Trade Discount and paid immediately availing Cash Discount of 2% Payment was made by Bank Draft paying 200 as Bank ChargesApril 5 Sold goods against cash 40,000? defined & explained in the simplest way possible. Besides giving the explanation of Pass Journal entries for the following transactions of Nidhi:April 1Nidhi introduced capital to start a business: in cash; and 1,00,000by cheque 5,00,000April 1 Purchased goods against cash 25,000April 2 Purchased goods of ₹2,00,000 less Trade Discount 10% from Prabhat Electric Co. on the terms that on payment received within 10 Days, Cash Discount will be allowed @ 5% and on payment received within next 20 days, 2% Cash Discount will be allowed.April 2 Issued cheque as advance for goods 1,00,000April 3 Purchased goods of 2,00,000 less 25% Trade Discount and paid immediately availing Cash Discount of 2% Payment was made by Bank Draft paying 200 as Bank ChargesApril 5 Sold goods against cash 40,000?, a detailed solution for Pass Journal entries for the following transactions of Nidhi:April 1Nidhi introduced capital to start a business: in cash; and 1,00,000by cheque 5,00,000April 1 Purchased goods against cash 25,000April 2 Purchased goods of ₹2,00,000 less Trade Discount 10% from Prabhat Electric Co. on the terms that on payment received within 10 Days, Cash Discount will be allowed @ 5% and on payment received within next 20 days, 2% Cash Discount will be allowed.April 2 Issued cheque as advance for goods 1,00,000April 3 Purchased goods of 2,00,000 less 25% Trade Discount and paid immediately availing Cash Discount of 2% Payment was made by Bank Draft paying 200 as Bank ChargesApril 5 Sold goods against cash 40,000? has been provided alongside types of Pass Journal entries for the following transactions of Nidhi:April 1Nidhi introduced capital to start a business: in cash; and 1,00,000by cheque 5,00,000April 1 Purchased goods against cash 25,000April 2 Purchased goods of ₹2,00,000 less Trade Discount 10% from Prabhat Electric Co. on the terms that on payment received within 10 Days, Cash Discount will be allowed @ 5% and on payment received within next 20 days, 2% Cash Discount will be allowed.April 2 Issued cheque as advance for goods 1,00,000April 3 Purchased goods of 2,00,000 less 25% Trade Discount and paid immediately availing Cash Discount of 2% Payment was made by Bank Draft paying 200 as Bank ChargesApril 5 Sold goods against cash 40,000? theory, EduRev gives you an ample number of questions to practice Pass Journal entries for the following transactions of Nidhi:April 1Nidhi introduced capital to start a business: in cash; and 1,00,000by cheque 5,00,000April 1 Purchased goods against cash 25,000April 2 Purchased goods of ₹2,00,000 less Trade Discount 10% from Prabhat Electric Co. on the terms that on payment received within 10 Days, Cash Discount will be allowed @ 5% and on payment received within next 20 days, 2% Cash Discount will be allowed.April 2 Issued cheque as advance for goods 1,00,000April 3 Purchased goods of 2,00,000 less 25% Trade Discount and paid immediately availing Cash Discount of 2% Payment was made by Bank Draft paying 200 as Bank ChargesApril 5 Sold goods against cash 40,000? tests, examples and also practice Commerce tests.