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Class 12 Accountancy Partnership Accounts - Basic Concepts AdjustmentsEasy

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In adjustment entry how should total debit and total credit be?

Answer and explanation

Correct answer: Equal

In every journal entry debit and credit are equal. Adjustment entry also follows double entry system.

Related tags

Journal Entry Debit Credit Adjustment Adjustments Partnership Accounts Basic Concepts Accountancy Class 12 Mcq

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