Question

received from Praveen Rs. 1,250 in full settlement of his account Rs.1, 250​

Answer 1

Answer:

Cash a/c Dr. 1250

To praveen. 1250

Answer 2

The answer to the following question is given below.

Explanation:

                              In The Books of (___Ltd)

                                      Journal Entry                          

Date         Particular                                       Debit    Credit  

              Cash                  a/c     Dr                  1,250

              To Praveen                   a/c                             1,250

 (Being Cash received form Praveen for full settlement of his a/c)

[ In this situation , Praveen is a debtor for 1,250.In full settlement of his account, we have to Credit Praveen for the same amount .]

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