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A borrower pays $1000 towards the late payment penalty to a
bank A pass the necessary journal entry
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Answer / tapan kumar roy
BANK CHARHES A/C DR 1000
TO BANK 1000
| Is This Answer Correct ? | 24 Yes | 12 No |
Answer / shiv gupta
Penalty A/c Dr. 1000
(Under Indirect Exp.)
To Bank A A/c 1000
| Is This Answer Correct ? | 9 Yes | 2 No |
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