Accounting treatment

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PARMOD SEMWAL

PARMOD SEMWAL (Querist)
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06 July 2016 WE PURCHASE A HORSE. AFTER A YEAR WE SOLD HIS SKIN THEN WHAT WILL BE THE ENTRY?

M. A. Quadiri

M. A. Quadiri (Expert)
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06 July 2016 Purchase entry

Live stock A/C Dr
Cash bank creditors

Abnormal loss ac Dr
Cash ac Dr
Live stock

Pl ac Dr
To abnormal loss

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Accounting treatment

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