Answer to Question #136422 in Accounting for Rohit

Question

Choose the correct answer.
Paid to ram ₹ 11500 in full settlement of ₹ 12000. Posting will be made in ram' s A/c:
(A) ₹ 12,000 on debit side
(B) ₹ 12000 on credit side
(C) ₹ 11,500 on debit side
(D) ₹ 11,500 on credit side

Answer 1

The answer to the question is:

(A) ₹ 12,000 on debit side

Because credit is the giver and the debit is the reciever and here ram is recieving the amount.