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commision of rs-150 paid but charged to interest
account,journal entry
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Answer Posted / iasam
Wrong entry :-
Interest A/c----------- Dr.150
To Cash/Bank A/c 150
Should be Entry :-
Commission A/c-----------Dr. 150
To Cash/Bank A/c 150
Right Entry :-
Commission A/c ------Dr 150
To Interest A/c 150
| Is This Answer Correct ? | 14 Yes | 1 No |
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