Question

Ram paid to hari rs.9,000 on account @ 5% cash discount. what is the journal entry of this?​

Answer 1

Explanation:

in the books of hari

cash A/c Dr 8550

discount A/c Dr 450

To Ram A/c 9000

in the books of ram

Hari A/c Dr 9000

To cash A/c 8550

To discount A/c 450