A cheque of ICICI bank of 85000 with the cheque was received from tanvi company and 5000was allowed
discount
Journal entry
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BANK A/C ...dr.
DISCOUNT ALLOWED A/C ...dr.
TO TANVI COMPANY A/C
DISCOUNT ALLOWED A/C ...dr.
TO TANVI COMPANY A/C
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Bank a/c dr 24500
discount a/c dr 1500
to Poonam a/c. 26000
discount a/c dr 1500
to Poonam a/c. 26000
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