Question

received cash from ram 1700
allowed him discount 300

Answer 1

400
is the answer for your question

Answer 2

Cash A/C. Dr. Rs.1700

Discount Allowed A/C. Dr. Rs.300

To Ram A/C. Rs.2000

(Being Ram settled his account)

Explanation

Ram was previously our debtor. So, we would have debited him with Rs.2000. But, now he settled his account so we he settles his account we need to credit him with Rs.2000

And cash balance is increasing with Rs.1700. Hence debited .

Discount allowed is an expense for the business . Hence debited.