allowed discount of 50 rs to mohan
Answers
Answered by
1
Answer:
By Discount Allowed A/c. Dr.
To Mohan A/c
Explanation:
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Answered by
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
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