Question

paid to khushbu in full settlement

Answer 1

In this transaction there would be received discount of the total amount.


So the journal entry be :-


Khushbu A/C _______Dr. [Amount]

To Discount Receive A/C ________[Amount]

To Cash A/C _____________[Amounut]

Answer 2

In this transaction there would be received discount of the total amount.

So the journal entry be :-

Khushbu A/C _______Dr. [Amount]

To Discount Receive A/C ________[Amount]

To Cash A/C _____________[Amounut]

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