What is the journal entry for 'Ravi & Co sent money through NEFT Rs 11250
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Explanation:
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Answer:
Ravi & Co sent money though NEFT Rs.11250
Journal Entry:
In books of Ravi & Co
"Receiving Party A/c --------------------------Dr. 11250
To Ravi & Co Bank A/c 11250
( Being amount paid through NEFT )
Explanation:
NEFT is national electronic fund transfer. this transaction paid via transfer through bank.
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