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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 Rs 26500/- in full settlement of due Rs 30000/-. Pass entry..

Answer / vijay_vij66

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

Received from Krishna Murthy Rs 26500/- in full settlement of due Rs 30000/-. Pass entry..

Answer / lokesh khintolia

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

Received from Krishna Murthy Rs 26500/- in full settlement of due Rs 30000/-. Pass entry..

Answer / mahendra

RECEIPT ENTRY

CASH/BANK A/C DR 26500/-
DISCOUNT A/C DR 3500/-

TO kRISHNA MURTHY 30000/-

(BEING AMOUNT RECEIVED FROM 26500/-)

Is This Answer Correct ?    36 Yes 10 No

Received from Krishna Murthy Rs 26500/- in full settlement of due Rs 30000/-. Pass entry..

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

Received from Krishna Murthy Rs 26500/- in full settlement of due Rs 30000/-. Pass entry..

Answer / dev

Cash A/c. Dr. 26500
Discount allowed 3500

To Krishna Murthy A/c. 30000

Is This Answer Correct ?    0 Yes 1 No

Received from Krishna Murthy Rs 26500/- in full settlement of due Rs 30000/-. Pass entry..

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

Received from Krishna Murthy Rs 26500/- in full settlement of due Rs 30000/-. Pass entry..

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

Received from Krishna Murthy Rs 26500/- in full settlement of due Rs 30000/-. Pass entry..

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

Received from Krishna Murthy Rs 26500/- in full settlement of due Rs 30000/-. Pass entry..

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

Post New Answer

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