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Received a cheque of Rs 75000/- from Kirthi traders on
behalf of anurag traders for material supply

Answer Posted / balaji

Mr Raju i think the journal entry is as follows

bank a/c Dr 75000
To Kirthi a/c 75000

( Being Cheque received from kirthi traders)

why because we can receive cheque from kirthi traders so we
wrote that point

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