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What the Journal entry for Amortization
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Answer Posted / babhu kanchupalli
1.Amortization a/c Dr
To. Intangible asset a/c
(Being amortization made)
2.Profit&Loss a/c Dr
To Amortization a/c
(Being amortization tranfered to P&L a/c)
| Is This Answer Correct ? | 5 Yes | 1 No |
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