Accountancy, asked by xevilplaylistx, 11 months ago

Gd evening mates !
Journal Entry(without GST)
-- Received from Bharat cash ₹20,000 ,allowed him discount of ₹500.

have a great day ahead

nikijain2972005: well that's really gr8 @darshan

rahulboss88: who are you

nikijain2972005: khushboo

nikijain2972005: just operating my sis's account

rahulboss88: ok

rahulboss88: kid

nikijain2972005: why do you mean

rahulboss88: you look like kid

nikijain2972005: none of ur's matter

rahulboss88: chill dude haha

Answers

Answered by preethisara

cash a/c dr. 20000

discount allowed a/c dr 500

to bharat 20500

preethisara: or it will mean that the person has paid entire cash and will affect ur cash book and result in errors while preparing tb

preethisara: no discounts can be either allowed or received it is better to mention clearly

preethisara: which class r u

preethisara: ok all the best and to solve these problems use golden rules of accounting

preethisara: ok dear atb

Answered by nikijain2972005

HEYA MATE !

Journal Entry

Cash A/C Dr. ₹20000

Discount A/C Dr. ₹500

To Bharat ₹25000

(Being Received from Bharat at ₹500 discount)

hope it helps

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