what is the entry for accounts receivables and accounts
payables? what is the entry for bills receivables and bills
payables?
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Answer Posted / pallavi
1)Purchased 2500Rs of bike parts on accounts payable in 30days
Bike parts A/c dr 2500
To A/P A/c 2500
2)Collected Rs425 from customers A/c
Cash A/c Dr 425
To Customers A/c 425
| Is This Answer Correct ? | 17 Yes | 3 No |
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