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20000 June 2 Sold goods to Nandlal of the list price of Rs. Sold goods on credit is nothing but the sale of goods on a credit basis ie.
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Discount and 5 cash discount and paid 40 of amount immediately.
Consider the above Trial Balance. This amount owed by the debtor leads to an increase in the accounts receivables of the company and is a current asset. 15TS Grewal Solutions for Class 11 Accountancy Chapter 5 - Journal Q2 Journalise the following transactions of Mr. Bought goods for cash 15000 Jan 5. Bought goods from Nanak Bros. TS Grewal Solutions for Class 11 Accountancy Chapter 3 - Accounting Procedures Rules of Debit and Credit covers all the questions provided in TS Grewal Books for 11th Class Accountancy Subject.
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