How to enter cash received from Aravind in full settlement 3760 by allowing discount 40 in ledger
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Answer:
Journal Entry
Cash A/C Dr 3760
Discount Allowed A/C Dr 40
To Aravind A/C 3800
IN LEDGER:
First thing we will post only in Aravind's A/C as recording in cash book is itself posting in cash a/C.
Aravind's A/C --->
__________________________________
l By Cash A/C 3760
l By Discount 40
l Allowed A/C
l
l
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Answer:journal entry
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