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Answer Posted / saifudheen
debit all Expenses and loses credit all income and gains
Examples
salary pay to SAIF; ENTRY WILL BE FOLLOWING
SAIF a/c Dr
To Salary A/c
Salary Earned to Saif;ENTRY WILL BE FOLLOWING
Salary a/c Dr
To Saif A/c
| Is This Answer Correct ? | 4 Yes | 2 No |
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