What is the journal entry of purchased from the bank a draft for Rs.1,800 (banker commission being Rs. 5) and sent to creditor.
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CREDITORS A/C DR. 1,800
TO OVER DRAFT AS PER BANK A/C. 1,800
Explanation:
1. BANK A/C DR. 1,800
TO OVER DRAFT AS PER BANK A/C 1,800
2. CREDITORS A/C DR. 1,800
TO BANK A/C 1,800
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