Question

Received payment of a loan of Rs.1,500 and deposited out of it Rs.1,250 in the bank​

Answer 1

Answer:

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Cash A/c. Dr. 1500

To Loans & Advances A/c. 1500

(being loan payment received)

Bank A/c. Dr. 1250

To Cash A/c. 1250

(being Amount deposited into bank)