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sold private car for rs 4,000 and bought a new one with
proceeds for bussiess plus rs 5.000 from office cash
what will be the journal entry

Answer Posted / poshalu

carA\c - 5000
To private car - 4000
To cash 1000


(being the new car purchase & Private car sold Rs.4000 &
cash paid Rs.1000)

Is This Answer Correct ?    0 Yes 11 No



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