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capital 2000000,sundry crediors 75000, building 150000
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Answer Posted / nitesh kumar
ALL ASSETS ARE DEBIT OR LIABILITIES ARE CREDIT SO
LAND A/C......................DR 75,000
SUSPENSE A/C..................DR 20,00,000
TO CAPITAL A/C 20,00,000
TO S.CREDITORS A/C 75,000
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Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar
