Question

Paid cash Rs40000 to suresh availed discount 2%

Answer 1

Suresh. dr 39200
Discount allowed a/c dr 800
To cash @/c...................40,000
( being cash paid on discount to suresh)

Answer 2

Explanation:

the journal entry will be

suresh a/c dr 40000

to cash a/c 39200

to discount a/c 800

( being cash paid to suresh and discount received)