Journal entry part -2

Journal entry part - 2

1. Bank charges.

Bank charges a/c.      Dr
To Bank a/c.

2.Received from debtors and allowed discount.

Cash & discount allowed a/c.     Dr.
To debtors a/c.

3.Given to creditors and received discount.

Creditors a/c.                     Dr
To cash & discount received a/c.

4. Appreciate land.

Land a/c.       Dr
To appreciation a/c.

5. Drawing from business.

Drawing a/c.        Dr
To cash a/c.