Question

Sold old Scooter to mohan wroth 25000 recived 5000 as on 1 instloment

Answer 1

mohan dr... 25,000
To scooter a/c 25,000
( scooter sold... on the instalment system)

cash @/c dr 5,000
To mohan 5,000
( being cash receive from mohan as first instalment)