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Financial statement of company - class-XI

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Multiple Choice

A has $Rs. 3,500$ due from B. On January $20$, B makes a partial payment of $Rs. 2,100$ to A. The journal entry made on January $20$ by A to record this transaction include_________.

  1. A credit to the cash received account of $Rs. 2,100$
  2. A credit to B's account of $Rs. 2,100$
  3. A debit to the cash account of $Rs. 1,400$
  4. A debit to B's account of $Rs. 1,400$
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