Accountancy, asked by jasminelali662, 10 months ago

Received rupees 38000 from Akhil on his account for rupees 40000 there should be no discount given

Answers

Answered by ryanrichard78078

2

Answer:

khil who is a debtor, will credit is creditor account by 38, 000 and debit his creditor account by 2000, while on the hand the creditor will debit hids debtor account by 38000 and credit his debtor's account by 2000, it should be noted the person who lends money is the creditor and the person who receives money is the debtor.

Explanation:Cash a c Dr. 38000

Bad debt Dr. 2000

To Akhil a c. 40000

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