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Q:
A) Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500. | B) correct journal entry is posted twice |
C) the purchase on credit basis is debited to purchases and credited to cash | D) None of the above |
Answer: A) Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500.
Explanation:
Explanation: