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Answer Posted / manish singh tomar
in accounting many concepts
like as...
dual aspect concept
money measurement concept'
cost concepts
business entity concept
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Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
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