(c) Bose and Sarkar are of the view that Chatterjee should be charged Interest on loan from the format the lending rate of the banks, which is 12% pa.
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Explanation:
Return inward book is maintained for recording:
Returns of goods purchased (b) returns of goods sold (c) returns of anything purchased (d) returns of anything sold
Qno.20 Debit signifies
Increase in asset account (b) decrease in liability account (c) decrease in capital account (d)none of these (e) all of these
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