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


Discussion

No Comment Found

Related InterviewSolutions