Question

pass the journal entry- company received all the due amount from jassi electronic and deposited in SBI bank and company give 5% cash discount.​

Answer 1

Thanks for asking :)

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 :)