Both cash and credit transaction are recorded on the basis of
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both cash and credit transaction are recorded on the basis of
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दोनों नकद और क्रेडिट लेनदेन के आधार पर दर्ज किया जाता है
हिन्दी में नतीजे
Cash is credited because cash is an asset account that decreased because cash was used to pay the bill. You would debit inventory because it is an assetaccount that increases in this transaction and accounts payable is credited to a liabilityaccount that increases because the inventory was purchased on credit.
both cash and credit transaction are recorded on the basis of
Results in English
दोनों नकद और क्रेडिट लेनदेन के आधार पर दर्ज किया जाता है
हिन्दी में नतीजे
Cash is credited because cash is an asset account that decreased because cash was used to pay the bill. You would debit inventory because it is an assetaccount that increases in this transaction and accounts payable is credited to a liabilityaccount that increases because the inventory was purchased on credit.
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Answer is trial balance
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