Choose the right answer
When diesel supplied to the hired vehicle we have to credit
1.Diesel 2.Hire 3.Owner of the vehicle



Choose the right answer When diesel supplied to the hired vehicle we have to credit 1.Diesel 2.Hi..

Answer / parul

it will be debited to owner of the vehicle a/c. sequence of
the entries will be as follows:
1. hire vehicle rent a/c dr.
to owner of the vehicle a/c
(when vehicle hired)
2. owner of the vehicle a/c dr.
to hire vehicle rent a/c
(when diesel suppliedand)
3. hire vehicle rent a/c dr.
to cash/bank a/c
(when cash paid)

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