Question

(ii) 9,500 received from Mr. Parveen Gulati after deducting a discount @ 5% by
cheque journal entry
​

Answer 1

Answer:

Journal Entries

Cash A/C. Dr. 9,500

Discount Received A/C Dr. 500

To Mr. Praveen. 10,000.

(Being cash received from Mr. Praveen)

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