16 March 2011
XYZ COM.(partner firm) purchase of goods rs.(5 lakh) from ABC COM. MR.X(PARTNER) NE ABC COM. KO CHEQUE SE PAYMENT KIYA. BUT MR.X NE JO CHEQUE ISSUE KIYA THA WO USKE PERSONAL SAVING ACCOUNTS KA THA. HOW THE JOURNAL ENTRY WOULD BE PASSED IN THE BOOKS OF XYZ COM. PL SUGGEST.
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