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what is entry of loan & Advance given to Client Rs. 4 crore
@ 3% per month for one year,Interest Recievable,Interest
Recd.
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Answer Posted / udai raj
1) loan & advances a/c Dr.40000000
To cash A/c 40000000
2) Interest A/c Dr 1200000
To Interest receivable A/c 1200000
3) Interest receivable A/c Dr 1200000
To Cash A/c 1200000
| Is This Answer Correct ? | 6 Yes | 21 No |
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