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2 years ago

Issued a cheque of rs. 39000 to Saurya stores in full settlement. journal entry

Business

1 answer:

Semmy [17]2 years ago

4 0

Answer:

When issuing a check to a creditor as is being done here, you need to debit the creditors account (Accounts Payable) to show that you are paying off the debt.

You also need to credit cash because a credit will show that cash was used to pay for something and so has reduced.

Date Account Title Debit Credit

XX-XX-XXX Accounts Payable - Saurya Stores Rs. 39,000

Cash Rs. 39,000

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3 years ago

Ben White is the manager of a retail store. His work typically includes the routine, day-to-day interactions with customers and,

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3 years ago

A different ethanol processing facility costs $800,000 to construct but will instead last forever.Every year (starting the year

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Answer:

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3 years ago

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Margaret [11]

Answer:

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I hope my answer helps you

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3 years ago

_________ is the incremental cost of wear and tear on an asset.

bogdanovich [222]

The correct answer is DEPRECIATION.

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3 years ago

Read 2 more answers

Issued a cheque of rs. 39000 to Saurya stores in full settlement. journal entry​

Issued a cheque of rs. 39000 to Saurya stores in full settlement. journal entry