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sale of old computor Rs 7500/- was credited to sales
account Rectify it
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Answer Posted / pranab
profir on sale of computerA/c ....dr
to profit and loss accounts
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Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
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