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