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A computer purchased for the use of Branch & payment would
be made by company. What would be the entry in the books of
Branch ?
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Answer Posted / partha s
On Booking of Computer:-
Asset A/c ....Dr
To Vendor A/c
On Receipt of the Bill :-
Vendor A/c ....Dr.
To Account Payable A/c
On Payment....:-
Account PAyable A/c .... Dr
To BAnk A/c
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