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This query is : Resolved 
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Guest

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Guest (Querist)
21 March 2009 I HAVE RECEIVED RS 100 /- AS PER BILL FROM A .

SAME I DISCOUTED WITH BANK BANK AGREED TO PAY 90/- RS 6/- KEEPS TOWARDS MARGIN AN RS.4/- TOWARDS INTEREST

BANK PAID AS PER AGREED TERMS THEN WHAT WILL BE THE ENTRIES FOR THIS
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Kishore Kumar Pahuja

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Kishore Kumar Pahuja (Expert)
23 March 2009 The entry should be like this

Bank Account Dr. 90.00
Bank FD
(or suitable margin a/c) Dr. 6.00

Interest A/c Dr. 4.00

To Bils Discounted A/c 100.00

Margin will be transferred to Bank a/c on payment of the bill on maturity.
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Kishore Kumar Pahuja

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Kishore Kumar Pahuja (Expert)
23 March 2009 Any other member can suggest a better option please.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 June 2023 "Sorry, I am not a featured member."

For featured members contact....

​​​​​​​https://www.caclubindia.com/catalogue/featured.asp
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