i was asked to journalise nominal accounts please give me the answer with examples so dat its easy for me 2 understand
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'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
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HI, I AM SUNIL BISHNOI.I AM PREPARING FOR ISHRO ASTRONOTES EXAM.PLEASE TELL ME ALL ABOUT THIS.
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HAI SENT HPCL APTITUDE QUESTION PAPER, MY EMAIL ID IS angus_eee04@rediffmail.com,angus_eee04@yahoo.com
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