Question

Received cash from ganesh rs 8500 and received discount from him rs 5000 create the journal entries

Answer 1

What do you mean?

Received cash and discount allowed to him or cash paid and discount received?

If it's case 1 then the entry will be =>

Cash A/C Dr. 8,500

Discount Allowed A/C Dr. 5,000

To Ganesh 13,500

If it's case 2 , then the answer is =>

Ganesh Dr. 13,500

To Cash A/C 8,500

To Discount received A/C 5,000

Thank you!