Question

Cash received from rajesh 14500 allowed him discount 500

Answer 1

Answer:

cash recieved from Rajesh = 14500

discount of 500

Hence, 14500-500

= 14000

Answer 2

Answer

Your Entry is

Cash A/c                       Dr         ₹ 14500

Discount allowed A/c    Dr        ₹ 500

           To Rajesh's A/c                       ₹ 15000

(Being Cash received from rajesh 14500 allowed him discount 500)