Question

Received cheque from mukund &com. 6200 discount allowed 200

Answer 1

Bank a c Dr. 6200
Discount allowed a c Dr. 200
To Mukund & co. ac. 6400

plz mark it as brainliest and follow me

Answer 2

Journal entry

Bank  A/c                       Dr  6200

Discount allowed A/c   Dr    200

            To Mukund & com A/c            6400

(being received cash from mukund & com )

---------------------------------------------------------------------------------------------

Reason

Bank is the receiver of money from mukund & com so its debited

Discount allowed is the expense of the company therefore its debited

Mukund & co is the debtor who the person who pays the money therefore its credited