Question

received rupees 3950 from amar singh in full settlement of his account of rupees 4000

Answer 1

cash  A/c      Dr       3950
discount A/c Dr           50
     To  amar singh A/c            4000
(cash received fdrom amar singh in full settlement )

Answer 2

Answer:

Cash A/c Dr 3950

Discount allowed Dr 50

To Akhilesh a/c 4000