What would be journal entry for--Encashed a bank draft
belonging to X?
Ans as given in textbook is Bank account debit to Cash
account credit.......But shouldnt it be Cash account debit
to Bank account credit...Wat do u guys feel??And do explain
ur answers..Thnx in advance
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Q): Intangible assets(Goodwill,patents,copyright etc) how we amortise it.. this intangilble assets value can increase so till life time we should amortise these assets please guys explain me this structure?
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