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(Q) Sale of old newspaper will be recorded in(1) Capital A/c(2) trading A/c(3) manufacturing A/c(4) profit and loss A/c

Answer»

Hey mate this MIGHT help u...
it's a income from NON - operations hence considered as Other incomes , so it will be TREATED in Profit and loss A/C only...
if u FEEL mark me as brainy..



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