pass the journal entry- company received all the due amount from jassi electronic and deposited in SBI bank and company give 5% cash discount.
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Answer :
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Journal Entry :-
➡️ Cash Ac Dr.....×××
Discount Ac Dr...×××
To, Jassi Electronic Ac Cr...×××
( Being Due amount received,& allowed discount )
➡ SBI️ Bank Ac Dr.....×××
To, Cash Ac Cr....×××
(Being Cash deposited into bank )
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© Sachin BhaleRao :)
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