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Answer Posted / b.narasimha rao
the goods sell on credit when the firs written the bill on
debitor and the debitor accepted the bill the amount paid
in future at specied time these called bill receible
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I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
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