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Journal entry

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(Querist)
23 November 2011 pls pass the journal entry for conversion of capital asset ( jewelry ) into stock in trade in the books of a/c of sole prop.
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RONAK DARJI

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RONAK DARJI (Expert)
23 November 2011 STOCK IN TRADE A/C DR. XXX
TO JWELLERY A/C XXX
(BEING,CONVERSION MADE FROM JWELLEY TO STOCK IN TRADE BY SOLE PROPRIETOR.)

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