Question

Paid to Darshan 7600 in full settlement of his account 8000 in triple column cash book journal entery

Answer 1

Darshan Account debit. 7600.
discount allowed. " 400.
to cash account. 8000

Answer 2

The answer to the following question is below.

Explanation:

Given:

Calculation:

Discount Amount = rs 8,000 - rs 7,600

                               = rs 400  

                           Journal Entry

                      In the Books of ( --- Limited)

Date     Account Title and Explanation      Debit       Credit  

          Darshan                     a/c Dr             8,000

          To Discount received     a/c                             400

          To Cash                           a/c                              7,600

     (Being cash paid in full settlement of Darshan account)

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