What is mean by Corporate accounts?
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Answer / bhasker
corporate accounts are those accounts maintaining all the
accounts of the companies ina corpration as a whole
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Answer / guest
Corporate accounts are profit and loss accounts. All
transactions flow through these accounts.
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Answer / abhishek kumar jha
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Answer / helen bernardina villalobos
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42. G.Simkins sends back stock to J.J. Fabrics (a supplier), having originally purchased it on Credit. J.J. fabrics issued a Credit note for the value of these goods. In simkins’ books, the double entry for this transaction should be. a) Debit : J.J. Fabrics; Credit purchases b) Debit : purchases; credit J.J. Fabrics c) Debit : J.J. Fabrics; credit purchase returns d) Debit: purchases returns; credit J.J Fabrics.
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