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purchases for rs100. vat @ 10% and cash discount rs 5 what
is the entry passed

Answer Posted / mahendar kumar chaurasia

purchase A\c Dr. 100
inpute vat. Dr. 10

cash A\c 105
Discount A\c 05

dr. balance is 110
cr. balance is 110.

Is This Answer Correct ?    10 Yes 1 No



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