Question

(Received Rs 18,800 from in full settlement of the due Rs
19,000) - give journal entry

Answer 1

Answer:

bro what the question yrr is answer 200

Explanation:

because due 19000 and received 18800 so next due is 200

Answer 2

Journal Entry will be -

Cash A/C DR 18,800

Discount A/C DR 200

                         To Debtor A/C 19,000

( Being cash recieved in full settlement of his account )

NOTE - As cash 18,800 is recieved in full settlement of his account which was worth rupees 19,000 so the balance is given as discount .

As cash is an asset and it is increasing as we are recieving payment so it will be debited and we are giving discount so it is an expense so it will also be debited and debtors are asset and it is decreasing so it will be credited.