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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
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Answer Posted / pavani
cash a/c......Dr 4000
To car a/c 4000
being sold a private car for 4000
car a/c.....DR 5000
To cash a/c 5000
being purchase a new car for office/business purpose
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