paid by cheque ₹25000to mehar and settled her dues of ₹26000
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Mehar A/c Dr 26000
To Discount A/c 1000
To bank A/c 25000
(being paid to mehar as the full settlement )
Hope its useful..!!!
To Discount A/c 1000
To bank A/c 25000
(being paid to mehar as the full settlement )
Hope its useful..!!!
Answered by
2
The Entry will be :-
Mehar A/C ............. Dr. 26,000
To Bank A/C..................................25,000
To Discount Received A/C ......1,000
( Being the dues of Meher was settled)
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