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sold private car for rs 4,000 and bought a new one with
proceeds for bussiess plus rs 5.000 from office cash
what will be the journal entry

Answer Posted / jitender jakhmola

Sales A/c Dr. 4,000
To Car A/c 4,000



Purchase A/c Dr. 5,000
To Car A/c 5,000

Is This Answer Correct ?    4 Yes 18 No



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