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I think it s journal proper.but in given as cash book.QUESTION 6
Answers (5)
Cash book is right answer because i that is a cash transaction , all cash transaction has to be recorded in cash book ...and in journal proper we will record transactions which cannot be recorded in any of the subsidiary books / books of prime entry. Hope u can understand.
Sri kanaga Varshini
Cash book is right answer because i that is a cash transaction , all cash transaction has to be recorded in cash book ...and in journal proper we will record transactions which cannot be recorded in any of the subsidiary books / books of prime entry. Hope u can understand.
Allowance is like discount right .then how come .plss say
Thread Starter
Reetikaa RAllowance is like discount right .then how come .plss say
Yes it is discount but is a cash discount pls note that
Sri kanaga Varshini
Yes it is discount but is a cash discount pls note that
Discount allowed acc Dr. To debtors acc Crs acc Dr. To discount received acc In both these entries ,where s cash account involved
Thread Starter
Reetikaa RDiscount allowed acc Dr. To debtors acc Crs acc Dr. To discount received acc In both these entries ,where s cash account involved
The journal entries are wrong. It is : Cash a/c dr. Discount allowed a/c dr. To debtor a/c You will allow cash discount only when debtor is making you the payment.
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