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I purchased a Car & paid 10,000/- Rs. Cash & 50000/- Rs. By
Loan. What will be the Entry ??

Answer Posted / gagan singh

car a/c- Rs. 10000/-dr
Car a/c- Rs. 50000/- dr
Cash a/c Rs. 10000/- cr
Loan A/c Rs. 50000/- cr

Is This Answer Correct ?    6 Yes 21 No



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