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| 1. |
On 1st April, 2019, Ankit paid to Sohan by cheque ₹9,600in full sattlement of ₹ 10,000. Pass Journal entry and post it into Ledger Account in the books of Ankit. (i) In the above entry, Sohan has been debited with Bank Account and Discount Received Account . So, in ledger, Sohan's Account will be debited with ₹9,600 as " To Bank A/c and with ₹400 as "To Discount Received A/c". (ii) Bank Account has been credited with Sohan. So, in the ledger, Bank Account will be credited with ₹9,600 as " By Sohan". (iii) Discount Received Account has been credited with Sohan. So, in the ledger, Discount Received Account will be credited ₹400 as " By Sohan ". |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/TSG_ACC_XI_C09_S01_001_S01.png" width="80%"/> <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/TSG_ACC_XI_C09_S01_001_S02.png" width="80%"/></body></html> | |