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PERSON entered into a contract for the operation of the refreshment stand at a rental of 10% of the contractor,s sales with a monthly minimum
PERSON entered into a contract for the operation of the refreshment stand at a rental of 10% of the contractor,s sales with a monthly minimum of Rs 2500 payable in advance. Received cash for Rs 1250 as the advance payment for the 16th June, the effective date of the contract, to 30th June. pass journal entry for the situation
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
