Question

Paid rs 480 to Mohan in full settlement of his account rs 500

Answer 1

Answer:

        Particulars                 Dr. (Rs.)      Cr. (Rs.)

Mohan               ...Dr             5000

   To cash                                                4975

   To discount received                              25

( being cash paid to Mohan in full settlement and dicount received)

Hope it helps u....

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Answer 2

Answer:

What do u want journal entry of above question is-

Mohan a/c Dr. 480

Discount a/c Dr. 20

To case a/c 500

(Being cash paid)