Question

Paid rs 4,800 to mohan in settlement of his account for 5,000

Answer 1

Answer:

Mohan Ac Dr 5000

To Cash/Bank Ac 4800

To Discount Received 200

Explanation:

Answer 2

Answer:

Mohan ...Dr. 5000

To Cash A/C 4800

To Discount Received A/C 200

(Being the amount paid to Mohan in settlement of his account)