Question

journal entry for paid cash to Chandarkant 13780 and discount allowed by him 220

Answer 1

PAID CASH TO CHANARKANT AT DISCOUNT..



JOURNAL ENTRY - - -


CHANARKANT DR.. 13780

DISCOUNT ALLOWED A/C DR.. 220

TO CASH A/C ........................... 14,000


( BEING CASH PAID TO CHANARKANT AT DISCOUNT)

Answer 2

Chandarkant dr.14000
to cash account 13780
to discount received 220
(being cash paid at discount)