A debtor paid 15,600 in full settlement of his dues of 16,000. How will it affect
capital?
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Answer:
It will efect Capital because the left 400 is dependent on capital
Explanation:
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Is not affecting capital & recorded as.
Cash a/c 15600
Discount allowed a/c 400 (which is loss to the business)
To debtor a/c. 16000 .
Cash a/c 15600
Discount allowed a/c 400 (which is loss to the business)
To debtor a/c. 16000 .
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