Question

Paid cheque to shyam in full settlement

Answer 1

Hey!!!!!

________________

The Journal Entry for this transaction would be

Shyam a/c Dr
To Bank a/c

If any kind of discount is received

Shyam a/c Dr
To Bank a/c
To Discount Received a/c

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Hope this helps ✌️

Answer 2

Shyam is debited

Bank credited