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company office interior work payment paid by MD on his
personal account what is entry in company accounts book & md
personal a/c book?

Answer Posted / rakesh verma

In the books of Company:

Furnitures & Fixtures A/c Dr.
To Managing Director A/c Cr.

In the books of Managing Director:

Company A/c Dr.
To Bank A/c Cr.

Is This Answer Correct ?    2 Yes 1 No



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