On 15th July 2020, cash received from Abhijeet is Rs. 14,800 and discount allowed to them is
Rs. 200.
Post above transaction in the Cash account and Discount Allowed account in the Ledger.
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Answer:
journal entry will be
15th July 2020 Cash a /c Dr. 14800
Discount allowed a/c Dr. 200
To Abhijeet a/c 14600
Explanation:
begin cash received from Abhijeet and discount allowed to him
Attachments:
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