purchase a car for rupees 500000 for the business of payment he took loan from bank for rupees 3 lacs accepted a bill for 50000 and for the remaining amount he exchange his own personal car. Pass journal entry
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Answer:Vehicle a/c dr 500000
To bill payable a/c 50000
To Bank loam a/c 300000
To Additional capital a/c 150000
Explanation:
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