What is the journal entry for reverse the late payment of
loan from the bank A.
Answer Posted / shiv gupta
Outstanding Loan A/c Dr. To Bank A A/c
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Expand-------CAN
What is back value adjustment/correction in Nostro Reconciliations?
Short Answer on __________written Down value
Expand---------DEP
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Transfer nett profit of Rs 325000/- to Reserves and Surplus