Question

what is the journal entry for Cash recevied from mohan in full settlement of his account 78200

Answer 1

as Mohan is being paid that money is full we are creating his account. this is very simple and basic transaction where cash is being transferred to Mohan account that is Mohan capital account....

Explanation:

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Answer 2

Answer:

cash a/c

discount ac

      to mohan a/c

Explanation:

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