Question

payement made to sanjogita on account 40% amount was paid in cash and recieved cash discount of 4% i.e rs 416 how much cash was paid to sanjogita? I need step by step answer​

Answer 1

Answer:

Creditor's A/c Dr. 22,000

To Cash/Bank A/c 20,000

To Discount received A/c 2,000

(Being the amount paid and cash discount received).