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Answer / rakesh
Din stands for director identification number introduced in 2006 amending the companies act 1956. The objective of providing every director with din is to protect the investors. In case the directors fraud the money of public,they can be traceable. The application for the din is given in the form dir3 and to revise it dir 6 is used.
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If a company purchase the goods for rs. 100 and intends to Sell it for 200. What is the journal entry for this?
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