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Accounting treatment

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

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M. A. Quadiri (Expert)
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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