Received from Krishna Murthy Rs 26500/- in full settlement
of due Rs 30000/-. Pass entry
Answers were Sorted based on User's Feedback
Received from Krishna Murthy for final settlement the Entry
has to be followed
Cash A/C Dr 26500/-
Discount allowed A/C Dr 3500/-
To Krishna Murthy A/C 30000/-
Being full and final settelment of the Murhty A.C
Is This Answer Correct ? | 232 Yes | 23 No |
Cash/ Bank A/c Dr. 26500.00
Discount A/c Dr. 3500.00
To Krishna Murthy 30000.00
Is This Answer Correct ? | 66 Yes | 21 No |
Answer / hemaraju
Bank a/c Dr 26500
Discount a/c 3500
To krishnamurthy a/c 30000 cr
being received payment by krishna murthy a/c
Is This Answer Correct ? | 15 Yes | 12 No |
Answer / dev
Cash A/c. Dr. 26500
Discount allowed 3500
To Krishna Murthy A/c. 30000
Is This Answer Correct ? | 0 Yes | 1 No |
Answer / hemaraju
Receipt
Bank A/c Dr 26500
Discount a/c Dr 3500
To krishnamurthy a/c 30000 a/c cr
Being received payment from krishna murthy Rs 26500 for
full settlement fo Rs 30000/- Discount allowed Rs 3500.
Is This Answer Correct ? | 8 Yes | 10 No |
Answer / sreenatha
Cash account 26500 Dr
Bad debts 3500 Dr
to Krishna murthy 30000 Cr
(Being Cash received from Krishna mutrthy of rs 26500 for
full and final settlement so diff amount is doutful we are
treated as bad debts)
Is This Answer Correct ? | 8 Yes | 24 No |
Answer / mohit
Receipt:
cash/bank a/c dr. 26500
bad debts a/c dr. 3500
to krishnmurty a/c 30000
Is This Answer Correct ? | 4 Yes | 22 No |
Answer / tabu
cash A/c Dr 30000
To Krishna Murth A/C 26500
To Discount A/c 3500
( Being Cash recived from Krishna Murth )
Is This Answer Correct ? | 9 Yes | 49 No |
what is audit
how to prepare ourselvs and what to know about accounts for interview level and how to give a self introduction
in what form is crr kept in RBI?
What is the entry for forfeiture of shares?
capitla budgeting
what about case study
what do you mean by Accounts payable
Passing of entry in ledger account from journal is called -- --------
what will be shown under bank reconciliation statement?
How to calculate salary structure( PF, ESI, Gratuity, CCA, HRA, etc)
Please tell me the process of Selction of Junior Research Associate in Capitaliq(Intervie rounds&written test)
What is the diffrecnce between liabilities and owner's equity?