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Pass the journal entries for the following transaction of nidhi :April 5 Paid amount to Prabhat Electric Co. on account 1,00,000April 7 Sold goods to Mohit on the terms that Cash Discount shall be allowed @ 5% on payment made within 7 Days and @ 2% on payment made by 30th April, 2023. 50,000April 11Sold goods to Karan 25,000 less 10% Trade Discount Amount was received from Mohit after Cash DiscountApril 13Received cheque from Karan in settlement of his account Paid Balance amount to Prabhat Electric Co. 21,500April 14Cheque received from Karan deposited in bank 1000? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared
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Pass the journal entries for the following transaction of nidhi :April 5 Paid amount to Prabhat Electric Co. on account 1,00,000April 7 Sold goods to Mohit on the terms that Cash Discount shall be allowed @ 5% on payment made within 7 Days and @ 2% on payment made by 30th April, 2023. 50,000April 11Sold goods to Karan 25,000 less 10% Trade Discount Amount was received from Mohit after Cash DiscountApril 13Received cheque from Karan in settlement of his account Paid Balance amount to Prabhat Electric Co. 21,500April 14Cheque received from Karan deposited in bank 1000?, a detailed solution for Pass the journal entries for the following transaction of nidhi :April 5 Paid amount to Prabhat Electric Co. on account 1,00,000April 7 Sold goods to Mohit on the terms that Cash Discount shall be allowed @ 5% on payment made within 7 Days and @ 2% on payment made by 30th April, 2023. 50,000April 11Sold goods to Karan 25,000 less 10% Trade Discount Amount was received from Mohit after Cash DiscountApril 13Received cheque from Karan in settlement of his account Paid Balance amount to Prabhat Electric Co. 21,500April 14Cheque received from Karan deposited in bank 1000? has been provided alongside types of Pass the journal entries for the following transaction of nidhi :April 5 Paid amount to Prabhat Electric Co. on account 1,00,000April 7 Sold goods to Mohit on the terms that Cash Discount shall be allowed @ 5% on payment made within 7 Days and @ 2% on payment made by 30th April, 2023. 50,000April 11Sold goods to Karan 25,000 less 10% Trade Discount Amount was received from Mohit after Cash DiscountApril 13Received cheque from Karan in settlement of his account Paid Balance amount to Prabhat Electric Co. 21,500April 14Cheque received from Karan deposited in bank 1000? theory, EduRev gives you an
ample number of questions to practice Pass the journal entries for the following transaction of nidhi :April 5 Paid amount to Prabhat Electric Co. on account 1,00,000April 7 Sold goods to Mohit on the terms that Cash Discount shall be allowed @ 5% on payment made within 7 Days and @ 2% on payment made by 30th April, 2023. 50,000April 11Sold goods to Karan 25,000 less 10% Trade Discount Amount was received from Mohit after Cash DiscountApril 13Received cheque from Karan in settlement of his account Paid Balance amount to Prabhat Electric Co. 21,500April 14Cheque received from Karan deposited in bank 1000? tests, examples and also practice Commerce tests.