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can you please help me with number 5 is it correct if i enter the following into the General Journal : 1.Credit Bank with R7250.64
can you please help me with number 5
is it correct if i enter the following into the General Journal :
1.Credit Bank with R7250.64
2.Debit water and Elec with R6541.34
3.Debit VAT Input with R709.30
shouldnt there be a drawings account as welll as the 25% of the amount is for the owners own water and electricity ????
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