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You give a loan for your friend a 1000 rs he returns 600 rs
and u have to close ur accounts what should u do to close
the accounts? and given the journal entry for 400 rs?and
where will the 400 rs come in new account and entry for that
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Answer / mahesh
FRIENDS ON LOAN 600 DR.
BAD DEBTS 400 DR.
TO LOAN ON FRIEND 1000
| Is This Answer Correct ? | 4 Yes | 23 No |
Answered but misspelled pl correct accounting measures past performanceof the business entityand depicts the current financial position (Ans.MMEEEASURNT)
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