From the following information, state the nature of account and state which account will be debited...
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From the following information, state the nature of account and state which account will be debited and which will be credited. 1. 2. 3. 4. 5. Started business with a capital of 50,00,000. Wages and salaries paid 50,000 Rent received * 2,00,000 Purchased goods on credit 9,00,000 Sold goods for 8,16,000 and received payment in cheque. From the following information, state the nature of account and state which account will be debited and which will be credited. 1. 2. 3. 4. 5. Started business with a capital of 50,00,000. Wages and salaries paid 50,000 Rent received * 2,00,000 Purchased goods on credit 9,00,000 Sold goods for 8,16,000 and received payment in cheque.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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