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How to account for a transaction regarding Franchise

This query is : Resolved 

14 July 2020 Hi, one of my clients business is being taken over by a franchise.. As a result my client's company has got an amount of sum. How shall I record the transaction?

09 August 2020 Bank Account needs to be Debited, All Credit Accounts needs to be debited & all Debit items needs to be credit to every books of accounts NIL



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