Question

received from ram 14000 allowed him discount 400​

Answer 1

Answer:cash a/c dr. 13600

discount allowed a/c dr. 400

to ram 14000

Explanation:

Answer 2

13,600

Explanation:

                             Books of (---- Limited)

                                   Journal Entry

Date         Account Title and Explanation     Debit       Credit

                  Cash               A/c Dr.                13,600

                  Discount allowed   A/c Dr.         400

                          To Ram    A/c                                          14,000

         (Being amount received from Ram with discount)

Computation of amount received in cash:

Payment from Ram - Discount allowed

14,000 - 400

13,600

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