Question { 61972 }
Received from Krishna Murthy Rs 26500/- in full settlement
of due Rs 30000/-. Pass entry
Answer
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