Bank allowed interest ₹350 paid for rent ₹1500 paid for travelling expenses by cheque ₹500
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Answer:
Interest a/c Dr 350
_____to bank a/c 350
(being bank allowed interest)
Rent a/c Dr 1500
______to cash a/c 1500
(being rent paid )
Traveling expenses a/c Dr 500
________To bank a/c 500
(being T.Ex. paid by cheque)
hope it helps..
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