Received credit note for Rs 3500 towards transport charges
on the goods supplied from Vinod traders. The transport
charges were already paid at the time of delivery. Pass
entries at the time of payment of transport and for credit
note
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In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
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Rams due of Rs 32500/- was settled thru adjustment of security deposit Rs 12000/-and the balance in cash.pass necessary entry
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