Question

received from vikas rs 35000 by cheque allowed him discount of 750

Answer 1

hey mate,the journal entry will be..

bank a/c dr 35000 -

discount allowed a/c dr 750 -

to vikas a/c - 35750

(being cheque received and discount allowed to the debtor).

comment if you are not clear

Answer 2

heyaa,,,

journal entry will be :

cash a/c Dr 35,000

discount a/c Dr 750

to vikas 35,750.

_______________