Question

16. Ram Lal to whom goods was sold for Rs. 1,075 sends us a cheque for Rs. 1,050 in full setlement. The posting for the same in Ram Lal's A/c will be:
(a) In Debit Side by Rs. 1,075
b) In Credit Side by Rs. 1,075
(c) In the Credit side by Rs. 1,050
d) In the Debit side by Rs. 1,050​

Answer 1

b

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Answer 2

Answer:

(B)

Explanation:

(B) In Credit Side by Rs. 1,075