Question

paid Anwar on account rs4800 and discount allowed by him rs 100 journal entry​

Answer 1

Explanation:

Anwar A/c Dr. 4800

To cash 4700

To Discount received 100

Answer 2

Answer:  Anwar’s A/c               Dr 4,800 + 100  

To Cash A/c                                                            Cr 4,800

To Discount A/c                                                     Cr 100

(Cash paid to Anwar and discount allowed by him)

Explanation: Both sides should balance. 4800 has already been paid as cash after discount of Rs 100 meaning Anwar should have received 4900.