Question

Received cash from neelesh r.s 9800 and allowed a discount of r.s 200

Answer 1

Explanation:

cash a/c Dr. 9800

Discount a/c Dr. 200

To Neelesh a/c 10,000

(Cash received from neelesh at a discount)

Answer 2

The answer to the following question is given below.

Explanation:

Given:

Cash Received = 9,800

Discount allowed = 200

                           Books of (--- limited)

                             Journal Entry

Date      Account Title and Explanation    Debit    Credit

             Cash                          A/c Dr         9,800

              Discount allowed     A/c Dr          200

              To Neelesh               A/c                            10,000

(Cash amount 9,800 received from Neelesh at 200 discount)

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