Question

Received cash after allowing 3% Discount to Jourz Who want Rs/ 7000

Answer 1

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Explanation:

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Answer 2

■ Given :---

- Received cash after allowing 3% Discount to Jourz Who want Rs/ 7000

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{{Cash received of ₹3600 and discount allowed of ₹200

Cash received of ₹3600 and discount allowed of ₹200Journal entry is as follows :

Cash received of ₹3600 and discount allowed of ₹200Journal entry is as follows :Cash a/c……………………..….dr ₹3600

Cash received of ₹3600 and discount allowed of ₹200Journal entry is as follows :Cash a/c……………………..….dr ₹3600Discount allowed a/c…….dr ₹200

Cash received of ₹3600 and discount allowed of ₹200Journal entry is as follows :Cash a/c……………………..….dr ₹3600Discount allowed a/c…….dr ₹200To sales a/c ₹3800

Cash received of ₹3600 and discount allowed of ₹200Journal entry is as follows :Cash a/c……………………..….dr ₹3600Discount allowed a/c…….dr ₹200To sales a/c ₹3800Cash is real a/c and comes in business so Debited

Cash received of ₹3600 and discount allowed of ₹200Journal entry is as follows :Cash a/c……………………..….dr ₹3600Discount allowed a/c…….dr ₹200To sales a/c ₹3800Cash is real a/c and comes in business so DebitedDiscount allowed is nominal a/c and expense so Debited

Cash received of ₹3600 and discount allowed of ₹200Journal entry is as follows :Cash a/c……………………..….dr ₹3600Discount allowed a/c…….dr ₹200To sales a/c ₹3800Cash is real a/c and comes in business so DebitedDiscount allowed is nominal a/c and expense so DebitedSales is income and nominal a/c so Credited }}

In this way , I am surely that you can do the sum.