Question

rs 9000 paid to david in full settlement of his account 10000​

Answer 1

Answer:

Of ₹9000 is paid in place of ₹10000, it means we get a discount of ₹1000.

Explanation:

JOURNAL ENTRY..........

David's A/c......... Dr. 10000

To cash A/c. 9000

To Discount Received A/c 1000