Accountancy, asked by mohammadhussainlohar, 3 months ago

allowed discount of 50 rs to mohan​

Answers

Answered by rathinikunj24
1

Answer:

By Discount Allowed A/c. Dr.

To Mohan A/c

Explanation:

Please Mark me as brainliest

Answered by lata40386
0

Explanation:

allowed discount of 50 rs to mohan

Sol.

If discount is received

Mohan’s a/c dr (full amount due)

To cash a/c ( amt due less discount received)

To discount received a/c ( discount amt)

Mohan was creditor hence liability which is paid so debited

Cash goes out so credited

Discount received is gain so credited

If no discount

Mohan’s a/c dr

To cash a/c

Similar questions