Question

Paymemt made to hari 3920 and discount received 80

Answer 1

Answer:

hari A/c........ Dr. 4000

to cash A/c. 3920

to Discount received account. 80

Answer 2

Journal entry

Explanation:

                                  Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit   Credit

                Hari                          A/c Dr.               3,920

                To Cash / Bank                          A/c               3,900

                 To Discount                     A/c                            20

                (Being payment made to hari on discount)

Note: Discount receive is a income and income will be credited.

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