Question

what is the journal entry of Vikas and Vaibhavi carried out the Consulting assignment for pharmaceuticals and raise a bill of rupees 100000 as consultancy fees Pharmaceutical save immediately settled Rupees 250000 by way of cheque and the balance will be paid after 30 days​

Answer 1

Answer:

pp National Bank a/c D.r 250000

AA pharma a/c D.r 750000

To consultancy a/c 1000000