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This question was in opi final round
u 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 what is journal entry?

Answer Posted / joy

Cash A/C Dr 600
Bad Debt A/c Dr 400

To Friend A/c 1000

Is This Answer Correct ?    4 Yes 8 No



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