Question

Can someone please answer my question it is urgent
Q.Cash paid to Gopal Rs.2800 after deduction cash discount @10%
Required:triple column cash book

Answer 1

it is an payment

cash comes under real a/c

so real a/c rule is

dr- what comes in

cr- what goes out

so write in credit side of the cash book in cash column as 2800

and in discount column as 311

(because cash paid is 2800 after deducting discount

so, 2800× 100/ 90 is the actual amount payable I.e rs.3111

and discount is 10% of rs.3111)

hope u understand

if u still have any doubt then comment on the comments section.

follow my brainly a/c for future needs....