Received Rs.7500 from Ritika in full settlement of Rs.8000. Posting will be made in Ritika's A/c
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Answer:
I think it should be 8000 on credit side
Explanation:
received from ritika, means ritika was debtor and debtor have dr. balance... so to shut her account off... you have to cr. 8000(7500 as cash and 500 as discount allowed)
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