How can you explain the basic accounting equation?
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my question is I am finance student I want to know which type of the question are asked by the interwier in interview.
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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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