journal+entry+of+kamal+settled+his+account+and+allowed+him+10%+discount
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Answer:
Cash/Bank Account Dr 90
Discount Account Dr 10
To Kamal Account 100
( Being Kamal Settled his due and 10 % Discount Allowed.)
Explanation:
Kamal settled his Account,
Which implies payment expected to be made by kamal.
For Simplifying journal entry we assume that payment amount Rs 100.
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