Question

Stephen paid 2000 in cash and 3000in cheque after allowed discount of 200 for goods sold to him , cheque was immediately deposited to bank. what would be the journal​

Answer 1

Answer:Cash a/c ..... Dr. 2000

Bank a/c.........Dr.3000 Discount allowed a/c..Dr. 200

To sales a/c 5200

Explanation:

Answer 2

Journal entry

Explanation:

                                   Books of (----Limited)

                                       Journal entry

Date            Account Title and Exploitation     Debit    Credit

                    Cash                   A/c  Dr.                2,000

                     Bank                 A/c  Dr.                 3,000

                     Discount           A/c  Dr.                    200

                         To    Sales        A/c                                  5,200

                               (Being goods sold on discount)

Amount credit in Sale = Cash + Bank + Discount

Amount credit in Sale = 2,000 + 3,000 + 200

Amount credit in Sale = 5,200

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