Question

what is the journal entry for cash paid to anil after deducting 2% cash discount​

Answer 1

Anil_______________Dr. Amt

To discount A/C ------------Dr Amt

to cash A/c_________Amt

(Being Cash paid and discount allowed)

hope it will help you

Answer 2

Anil a/c Dr.

To discount

To cash

(being cash paid on discount allowed)