Question

plz give. journal entry for:

Debtors include Rs. 5,000 due from Mr. Shaikh, whereas creditors include Rs.

3,500 due to Mr. Shaikh.​

Answer 1

5000+3500=8500 so debtors need 8500 to enter in

Answer 2

Journal entry

Explanation:

                                  Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit      Credit

              Bills receivable                   A/c Dr.     1,500

                To Mr. Shaikh  A/c                                             1,500

                            (Being bill receive from Mr. Shaikh )

Mr. Shaikh Account = 5,000 - 3,500

Mr. Shaikh Account = 1,500

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