HOW TO TREAT DISCOUNT RECEIVED FROM SELLER

PURACHASE VEHICLE FROM TATA INVOICE VALUE 46,38,300/-

INSURANCE FROM SELLER 88,854/-

RTO PENDING

DISCOUNT GIVEN DEBITED TO BANK ACCOUNT 5,96,000/-

 VEHICLE FINANCED BY X BANK 45,79,000/-

PLEASE PROVIDE JOURNALS FOR ABOVE TRANSACTION SEQUENTIALLY