Question

Received cheque from prem for Rs300 and cash for Rs200 on account and allowed him discount Rs100

Answer 1

Answer:

Explanation:

Bank A/c Dr  300.00

Cash A/c Dr    200.00

Discount A/c Dr  100.00

    To Prem's A/c          600.00

(being received cheque from prem for Rs300 and cash for Rs200 on account and allowed him discount Rs100)

In three column cash book you will post all 3 debit entries