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Question

X Ltd sells goods on credit to Y Ltd for Taka 3000. Which of the following accounting entries correctly records in X's book of this transaction?

Debit sales, credit Y Ltd Taka 3000

Debit Y Ltd, credit sales Taka 3000

Debit Y Ltd cash, credit sales Taka 3000

Debit Y Ltd, Credit stock Taka 3000

None of these

ANS : 2

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