Question

Received from Surya Bros. in full settlement of amount /
due on Jan. 1/ 14500​

Answer 1

Received from surya bros in full settlement...

$\color{orange} \bf{cash \: account \: dr}$

$\color{red} \bf{ \: \: \: \: \: \: \: \: to \: surya \: bros \: \: \: }$

Note - Full settlement of amount means all money received that was called up by him from surya bros...

Therefore , cash account is debited as cash received and surya bros account will be credited as he first be the debtor

And now he gave money so to cancel the entry the account of surya bros would be credited..

hope it's helps you all .✌️☺️❤️