Journal entery of A endorsed the bill to C in settlement of a debt of Rs. 850 (800 Rs.)
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c. Dr. 850
to b/r a/c. 800
to discount recived. 50
to b/r a/c. 800
to discount recived. 50
indarraj91:
I think discount should be in Debit side.
ex :- suppose discount the bill from bank then in that condition discount is in debit side in book of drawer
May you clear But if I am wrong then please correct me
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