Paid Ram by cheque in full settlement of his account Rs 3,500( How many accounts in this question in journal entry)
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Answered by
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Hiii miss
Only one entry will be pass
Bank A/c. Dr. 3500
To Ram. 3500
Hope it helps
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Answered by
1
Answer:Ram. Dr. total due amount
To discount a/c. If any
To bank a/c. 3500
Explanation:in the settlement questions discount a/c is always exist because settlement amount is always lesser then actual amount
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