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| 1. |
pass the necessary journal entries for the following transactions April 20 Ramesh settled his account by issuing cheque including rs 60 for interest 12,000 |
| Answer» JOURNAL entry : BANK a/c Dr 11940 DISCOUNT a/c Dr 60 To Ramesh a/c 12000*Assuming that Ramesh is debtor he settled his account of 12000 by CHEQUE and we allowed discount of 60 | |