Question

Sunset Tours has a Rs.70,000 account receivable from Mohan. On January 20, the latter makes a partial payment of Rs.50,000 to Sunset Tours. The journal entry made on January 20 by Sunset Tours to record this transaction includes:
(a) A Credit to the cash received a/c of Rs.50,000
(b) A Credit to the account receivable account of Rs.50,000
(c) A Debit to the cash account of Rs.20,000
(d) A Debit to the accounts receivable account of Rs.20,000

Answer 1

$<b1>$Sunset Tours has a Rs.70,000 account receivable from Mohan. On January 20, the latter makes a partial payment of Rs.50,000 to Sunset Tours. The journal entry made on January 20 by Sunset Tours to record this transaction includes A Credit to the account receivable account of Rs.50,000.

So, the answer is :-

[B] A Credit to the account receivable account of Rs.50,000 ✓✓

Answer 2

Hello Friend

Ans

Option.B

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