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Discride how accounts are used to record information about the effects of transaction ? explain with imagery examples |
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Answer» By JOURNAL accounts are to record information about the effects of transitionExplanation:For example, STARTED Business with cash . Rs. 100000 on 1-4-19Every transaction in accounts has dual effect.This Transaction is KNOWN as Date PARTICULARS Debit amt CREDIT amt 1-4-19 Cash acc Debit 100000 To Capital Account. 100000 |
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