I'm on that right now i understand the code but don't get how to use it on this one! do you have the answer yet?
Answer:
Date Account title Debit Credit
XX-XX-XX Cash Rs 30,000
Account Receivable - Rajesh Rs 30,000
Rajesh is a Receivable so when they pay, reduce the amount they owe by the amount they paid. Doing so would mean crediting their account.
The Cash account will be debited to show that Cash was received because assets like cash are debited when they increase.
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