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I think it s journal proper.but in given as cash book.QUESTION 6

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Reetikaa  R

Reetikaa R

CA Foundation

4K+

28-Mar-21 18:15

51

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

Sri kanaga Varshini

CA Inter

1K+

28-Mar-21 18:26

Allowance is like discount right .then how come .plss say

Yes it is discount but is a cash discount pls note that


Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

28-Mar-21 18:42

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


Reetikaa  R

Reetikaa R

CA Foundation

4K+

28-Mar-21 19:38

Discount 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.


Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

28-Mar-21 22:37

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