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X lent to y three sums of rs100 rs200 and rs500 y sent a sum of rs100 asking x to appropriate this money towards the third debt of rs500 x wants to appropriate this money to the first loan can he doso?
Wiki User
∙ 16y ago
Dear friend,
Every debit should have a corresponding credit as per accounting rule.
Hence as per your question the first debit will be appropriated with the first credit.So the credit of Rs100 will be of write off against first debit of Rs100 not against third debit.
Wiki User
∙ 16y ago
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