Write short notes on the following: (a) Capital account and drawings account (b) Trade discount vs cash

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Write short notes on the following:

(a) Capital account and drawings account

(b) Trade discount vs cash discount

(c) Petty cash book

(d) Closing entries

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 15, 2023 11:39 PM

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Write short notes on the following: (a) Capital account and drawings account (b) Trade discount vs cash

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a Capital account and drawings account Capital account It is an account that reflects the investments contributions and withdrawals made by the owners ...View the full answer

Financial Accounting

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