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can you give a answer of below question bco'z I think I
will confuse u or i am confused?
suppose u deposit amt 50000 ( for one Year) on which u get
4%int per annuam (simple int) give me a journal entry for
int ?
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Answer Posted / sumalatha ale
Cash/Bank A/c Dr
to Interest A/c
[Being Interest received on Deposit]
| Is This Answer Correct ? | 5 Yes | 0 No |
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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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