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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?
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Answer Posted / anjali
loan a/c dr 1000
to cash a/c 600
to bad debt a/c 400
| Is This Answer Correct ? | 3 Yes | 5 No |
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