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presented for pay DOOR SHOWS a credit of 330 as interest and a debit of 60 as bank Q25. Prepare Ram Account from the following transactions: Date Transactions March 1 March 2 Sold goods to Ram for cash 40,000 Sold goods to Ram ₹30,000 March 5 March 6 10,000 from Ram Received Ram was declared insolvent and 40 paise in rupee was could be recovered from the Official Receiver. 06 Describe the rules of Debit and Credit for the following:

presented for pay DOOR SHOWS a credit of 330 as interest and a debit of 60 as bank Q25. Prepare Ram Account from the following transactions: Date Transactions March 1 March 2 Sold goods to Ram for cash 40,000 Sold goods to Ram ₹30,000 March 5 March 6 10,000 from Ram Received Ram was declared insolvent and 40 paise in rupee was could be recovered from the Official Receiver. 06 Describe the rules of Debit and Credit for the following:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare ram account from the following transaction
presented for pay DOOR SHOWS a credit of 330 as interest and a debit of 60 as bank Q25. Prepare Ram Account from the following transactions: Date Transactions March 1 March 2 Sold goods to Ram for cash 40,000 Sold goods to Ram ₹30,000 March 5 March 6 10,000 from Ram Received Ram was declared insolvent and 40 paise in rupee was could be recovered from the Official Receiver. 06 Describe the rules of Debit and Credit for the following:
Transcribed Image Text:presented for pay DOOR SHOWS a credit of 330 as interest and a debit of 60 as bank Q25. Prepare Ram Account from the following transactions: Date Transactions March 1 March 2 Sold goods to Ram for cash 40,000 Sold goods to Ram ₹30,000 March 5 March 6 10,000 from Ram Received Ram was declared insolvent and 40 paise in rupee was could be recovered from the Official Receiver. 06 Describe the rules of Debit and Credit for the following:
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