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What is the Journal entry if a Demand Draft is taken by
Company B on behalf of Company A? Company B has it's A/c
with Bank X. Company A has it's A/c with Bank Y.
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Answer Posted / samson
If the Demand Draft is taken by company B, We have to pass
journal entry debiting Company A and crediting CompanY B's
Bank A/c.
Correct me if I am wrong, Pls.
| Is This Answer Correct ? | 12 Yes | 5 No |
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