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Paid , life insurance premium Rs.2500
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Answer / manjiri sachin deshpande
life insurance primium Dr. 2500
cash/bank Cr. 2500
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mayuree patel
Life insurance premium a/c dr 2500
to cash or bank a/c cr 2500
at the closing time
Partners/ capital a/c dr 2500
to life insurance premium a/ccr 2500
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ansari
Insurance premiums a/c Dr. 2500
To cash cr. 2500
| Is This Answer Correct ? | 0 Yes | 0 No |
pls let me know double entry of 'LEASING"
Company A has purchased goods worth Rs. 25000 from company B and made the cash payment of Rs 5000 and remaining will be payable with in 30 days. Assume that there is a late payment charge @ 2% on remaining amount as the invoice was received after due date from company B. Pass the journal entry in the books of company A for all the above transactions.
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