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ABC Company Limited sells 200lbs of fresh vegetable seeds to the Ministry of Agriculture on...

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Accounting

ABC Company Limited sells 200lbs of fresh vegetable seeds to the Ministry of Agriculture

on March 22, 2016 for JMS100,000.00.The Ministry pays the invoice on April 30, 2016.

The financial year of the government ends March 31.

Record the transaction in the books of ABC Company Ltd

Record the transaction in the books of the Ministry of Agriculture

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