purchased stationery for office for rs. 4000,
journal entry
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When India declared its independence in 1947, its GDP was a mere 2.7 lakh crore accounting for a paltry 3 per cent of the world's total GDP. In 2018, India leapfrogged France to become the fifth largest economy in the world, now behind only the United States, China, Japan, and Germany.
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Printing and Stationery A/c Debit (Under indirect Expenses)
Cash or Bank A/C (Under Bank and Cash Current Asset )
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