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What is the Journal entry if a Demand Draft is taken by Company B on behalf of Company A? Company B has it's A/c with Bank X. Company A has it's A/c with Bank Y.
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What is Liquidity
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Mr X has invest Rs.150000/- from his saving bank a/c for fixed deposit after maturity he received with interest amt Rs.165000/- He requested bank to renewed the same excluding inst amt.Bank after deducting charges credit the insterest amt to Mr. X a/c..pass the Journal entry in the books of MR.X
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