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what is journal entry for the credit sales and purchases
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Answer Posted / anil
Debtors a/c dr
to Sale a/c
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Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
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