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Car purches from Amar Traders of rs- 2000 Payed in cash.This is a journal entry (open F7).
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Answer Posted / bachcha kant choudhary
whenever fixed assets are purchased, the entry should be make in journal voucher and if payment is made, a payment voucher should be pass. like-----
Car A/c Dr.
To Trader/seller Cr.
when payment is made-
Trader/Seller A/c Dr.
To Cash/Bank A/c Cr.
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