Q.25 On 15th July 2020, cash received from Abhijeet is Rs. 14,800 and discount allowed to them is Rs. 200.
Post above transaction in the Cash account and Discount Allowed account in the Ledger.
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Answer:
Cash Account Debit side-
15 July, 2020 To Abhijeet Account Rs 14800 and Discount Column Rs 200.
Abhijeet Account Credit Side-
15 July, 2020 By Cash Account Rs 14800
15 July, 2020 By Discount Account Rs 200
Explanation:
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