Question

paid to mr x by cheque Rs 19800 and earned discount of Rs 200​

Answer 1

here 3 accounts are affected.

1.mr X account -personal account .

2.cash a/c - real a/c .

3.discount a/c - nominal a/c .

1-Personal account: debit the receiver

: credit the giver.

2-Real account: debit what comes in,

: credit whats goes out.

3-nominal account: debit all expenses and losses.

: credit all income and gain.

here cash is paid to mr X and discount received.

so, mr X is receiving so his account will be debited.

here cash is going out and hence this account will be credited.

and discount is received so this account will be credited.

the journal entry will be.

ramesh a/c dr - 20000

to cash a/c 19800 -

to discount received a/c 200 -

(being cash paid to mr X and discount received)

pls mark is as brainliest