Please answer ( accounts)
Querist : Anonymous
a) A credit to cash received A/c of rs. 2,100
b) A credit to accounts receivable A/c 2,100
c) A debit to cash A/c of rs. 1400
d) A debit to accounts receivable A/c 1,400
Querist : Anonymous
Since the sunset tours has Rs 3500 receivable, it has a debit balance (receivable) in its position. Once it receives Rs 2100, it needs to reduce the receivable amounts. So to reduce that balance, you need to credit account receivable by Rs 2100.
Querist : Anonymous
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