Question

Paid shyam rs 19300/- in full settlement of rs 19500/-?

Answer 1

Explanation:

Journal Entry :

Cash A/c   Dr.                      975

Discount Allowed A/c Dr.      25

         To Shyam  A/c                                 1000

(Being Received Rs 975 in full settlement from Shyam.)

Therefore, shyam's A/c is credited with Rs.1000

Answer 2

Answer:

Explanation:

• Shyam a/c dr. 19,500

To Cash a/c cr. 19,300

To Discount a/c cr. 200

( Paid shyam  19300

in full settlement of 19500 )