Lalit a debtor settled his account of 4000 by paying
4200 by cheque 200 being interest charged from him for
Late payment. Cheque deposited into the bank on the next day.journalise it
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Lalit a debtor settled his account of 4000 by paying
4200 by cheque 200 being interest charged from him for
Late payment. Cheque deposited into the bank on the next day.journalise it
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Answer:
Bank A/c. Dr. 4200
To Lalit. 4000
To Interest 200