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What are control ledgers?


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What will be the Journal entry for these transaction- Sold goods costing Rs.20,000 for Rs.30,000 on cash

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Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?

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