vijay


{ City } hyd
< Country > india
* Profession * accountant
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Question { 59463 }

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

Is This Answer Correct ?    232 Yes 23 No