Question

goods sold to mr xyz for rs 400000 recived a cheque of rs 380000 on full and final settlement of account and cheque was deposited in the bank on the same dat​

Answer 1

Explanation:

Bank A/C Dr. 380000

Discount Allowed A/C Dr. 20000

To Sales A/C 400000

Answer 2

Answer:

withdrew from bank for office use rs. 40000