Mohan settled his account at a discount of rs 150.
Can someone please explain the entries here
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Cash a/c—-dr
Discount allowed a/c —-dr. 150
To Mohan a/c
Entries are recorded in the books of debtor who paid money after receiving discount.
Discount allowed a/c —-dr. 150
To Mohan a/c
Entries are recorded in the books of debtor who paid money after receiving discount.
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