Cash received from ram 47,800 in full settlement of 50,000
What will be the journal entry?
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Answer: Cash received from Mohan in full settlement of his account The journal entry ... What would be the journal entry for a salary due on the 30th of the month paid ... Amount received from ram should be debited by adjusting any discount given ... Commenced business with cash Rs50000 out of which Rs25000 paid into the bank.
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