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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.
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
Allowance is like discount right .then how come .plss say
Yes it is discount but is a cash discount pls note that
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
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.
