Accountancy, asked by ankita19bhagotra, 6 months ago

the point is January 31. I'm little bit confused who is the receiver and vice versa ​

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Answered by shakshi31
1

Answer:

in this receiver is bir and co. cz check out the entry of jan 8 . businessman purchase the goods from him so he is paying the amount of that purchase

so journal entry should be...

bir&co. a/c 950 dr....

discount allowed a/c 50 dr...

to bank a/c 1000

( being payment made in full settlement)

hope it's helping you!!

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