Question

Journal and Ledger
3.17
The following transactions in the books of K.G. Gupta:
() Received ? 9,750 from Hari Ram in full settlement of his account for 10,000.
(ii
) Received 9,750 from Shyam on his account for * 10,000
ii) Received first and final dividend of 60 paise in the rupee from the Official Receiver
of Mr. Ashok who owed 10,000.
diu) Paid ? 4,800 to Sohan in full settlement of his account for 5,000.
(u) Paid 4,800 to Mohan on his account against 5,000 due.
Solution:
JOURNAL
lustration 8 (Payments on Account and Payments in Full Settlement). Journalise​

Answer 1

Answer:

Cash A/c dr 9750

Discount A/c dr 250

T o sham

Answer 2

Explanation:

cash ac dr 9750

discount ac Dr 250

to Harry ac. 10000