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Answer Posted / shipra
IT IS A FACT BASED ON DOUBLE ENTRY ACCOUNTING SYSTEM.ALL THE
BUSINESS TRANSACTIONS HAVE A TWO FOLD ASPECT IN WHICH THE
ONE WHO RECEIVES ADDS TO HIS FUND AND TREATED AS DEBTOR, AND
THE ONE WHO PARTS AWAY WITH SOMETHING,CREDITS THE ACCOUNT
CONCERNED
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Short Answer on _________Accounts Receivable
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