5. Recieved a check from royal and company, whom goods were sold
for Rs 40000, Allowed him 1.5% discount
plss help what is the journal entry of ☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️
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Explanation:
bank ac. .......dr. 39400
disc. allowed ac .....dr. 600
to royal n comp.
(being cheque recd. and disc allowed to him)
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