Question

Journal entry for paid to sangam by cheque and received discount

Write genuine answer otherwise i will report you

Answer 1

Answer:

suppose you paid₹5000 and discount received is 10% then entry pass like...

sangam a/c...dr.. 5000

to discount received a/c 500

to bank a/c 4500

(being paid to sangam by cheque and received a discount)

hope it's helpful for you!!!