Question

Received a check from murari for rupees 800 in full settlement of his account of rupees 820 and paid the same into the bank

Answer 1

Answer:

YOU HAVE TO PASS THE JOURNAL ENTRIES FOR IT..

Explanation:

HUM LOG CHEQUE KAB RECEIVE KARENGE, JAB HUMNE KABHI KISI KO GOODS BECHA HOGA....

IT MEANS CREDIT SALES.

BANK A/c..........Dr. 800 -

DISCOUNT ALLOWED A/c............Dr. 20 -

TO MURARI - 820