Received from Bhagwan a cheque for 1,850 in full settlement of his account of 1,900 The cheque was banked on the same day.
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Explanation:
Bank A/c Dr 1850.00
Discount A/c Dr 50.00
To Bhagwan A/c 1900.00
(Being amount received from Bhagwan a cheque for 1,850 in full settlement of his account of 1,900 The cheque was banked on the same day)
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