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what is the rule for applying EL and CL and what is the
Advance period for applying EL and CL
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2 Answers State Bank of Mysore SBM,
1) XYZ Ltd bought goods for Rs.200000 from ABC Ltd. The co gave 10% discount. give journal entries in the books of ABC Ltd and XYZ Ltd. 2) Goods bought for Rs.400000. While transporting goods destroyed. Insurance co agreed to pay 75%. post journal entries.
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