Question

PAID RUPEES 2400 BY CHEQUE TO RAVI, AVAILLING A DISCOUNT OF 4%. TELL THE ENTRY

Answer 1

4%of 2400....
4/100×2400..
96.....

entry is 2400-96=2304

Answer 2

Ravi A/c   Dr    2496
       To bank A/c             2400
       To discount A/c            96
(being amount paid to ravi )

Hope its useful..!!!!!!!1