Rams due of Rs 32500/- was settled thru adjustment of
security deposit Rs 12000/-and the balance in cash.pass
necessary entry
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Answer Posted / vijayaraghavan
Cash A/c Dr 20500
Security Deposit Dr 12000
To Rams A/c 32500
(the Security Deposit is Liability for us, We receive
already its shown in Balance sheet side Current Liabilities)
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