Saved Bookmarks
| 1. |
Journal entry how to do |
|
Answer» Rule-Debit the receiver Credit the giver Cash a/c dr.2000Discount receive a\\c dr.500To capital a\\c. 2500 Cash a/c dr. | 2000| To capital a/c | 2000|............cash a/c dr.|500| To discount received a/c |500| Cash a/c dr.| 2000 |Discount received dr.| 500 | To capital a/c | | 2500 Started business with cash 2000 and received discount 500 |
|