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Mr. A purchased a car worth of rupees 2,00,000 on cash than
what would be the entry
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Answer Posted / yash
hello mr.
if car purchased in the name of firm
car a/c dr.....200000
cash/bankcr.......200000
if car purchase in for personal use
drawings a/c dr.........200000
cash/bank a/c cr.............200000
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