Answer Posted / somasekahar

purchases A/C -dr
To supplier A/C

DebtorA/c-dr
to sales a/c

personal a/c-debit the receiver,credit the giver
real account -debit what comes in,credit what goes out
nominal account-debit all expenses,credit all gains and
incomes

What is recording damage inventory in books of account?

711

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2152

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1296

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710

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692

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what is the meaning of 4X and 10X value in intraday market?

1901

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In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.

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877

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