Cash paid to arijeet rs 2350 in full settlement of his account Ka entry plz koi btaye - Accountancy - Recording of Transactions - I

Question

Cash paid to arijeet rs 2350 in full settlement of his account Ka
entry plz koi btaye???

Komal Rani · Accepted Answer

Dear Student
Considering or Assuming the account balance of Arijeet be 2500

Journal

Particulars

L
F

Debit

Credit

Arijeet
A/c

Dr

2350

To Discount Received
A/c

150

To Cash
A/c

2500

(Being cash paid to Arijeet in
full settlement)

Regards

Journal
Particulars		L.F.	Debit	Credit
Arijeet A/c	Dr.		2350
To Discount Received A/c				150
To Cash A/c				2500
(Being cash paid to Arijeet in full settlement)

Cash paid to arijeet rs. 2350 in full settlement of his account Ka entry plz koi btaye???