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Answer Posted / r.senthil kumar
Jounarl is nothing but it is a non monitary transaction
and it will be helpful for colse the ledger in right
accounting system.
for example Commission payable to Mr.A Rs.5000
Answer Commission payable A/c Dr Rs.5000/-
To Mr.A A/c Rs.5000/-
Here commission is outstanding but particular expenses is
closed in correct ledger
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