Question

So receive 4,800from x in full settlement of his account

Answer 1

Cash A/C......Dr.

Discount A/C.....Dr.

To X's A/c.

(Being cash received from x with discount)

Answer 2

Cash A/C. Dr. Rs.4,800

Discount Allowed A/C. (Or). Bad Debts A/C. Dr. Rs.xxx

To X A/C. Rs.(4800+xxx)

(Being payment received from X in full settlement of his account)