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Answer Posted / prathiba.p.v@gmail.com
A bill of exchange or a promissory note payable by the
business is known as bills payable. And a bill of exchange
or a promissory note receivable by the business is known as
bills receivable.
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Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.
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