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salaries due for the month of march will be recorded in
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Answer Posted / nagarjuna
SALARIES A/C DR XXXXXXXX
TO PROVISION FOR EXP A/C CR.XXXXXXX
(BEING SALARIES PAYABLE FOR THE MARCH MONTH)
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paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
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