received cash from shyam in full settlement 19,50
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1
Particulars. | Dr. | Cr.
_______________________________________
Cash A/C. Dr. | 19,500 | ---
To, Shyam's A/c. | --- |19,500
(Being cash received from shyam)
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Answered by
2
you seem to has given question wrong.
I don't know how cost of goods had been sold to Shyam. it will be attach before your question.
however,according to question,
your journal entry will be:
cash a/c. Dr. 1950
to Shyam a/c. 1950
(Being cash received from Shyam)
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