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Answer Posted / narasinga ra o
JOURNAL ENTRY MEANING IT IS A INTERNAL ADJUSTEMENT ENTRY
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com
Provision of Bad Debts is made in compliance with the convention of -----------
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