Tally entry

@ Appanna

School  bus fees  receivable  by whom ?. school ?  please clarify. 

I started to do school Accounts general data entry as part time. I lost my supervisor job due to corona. Someone told to take tally training for better future.  I am B.A. student gt tally coaching of 1 month. I think they not trained me properly. I am having confusion while making entries. School at Ramnagara village.

1) By Discount paid on school bus fee A/c Dr.        To School bus fee receivable A/c Cr.                                                 OR.                                              2) By Discount paid on school bus fee A/c Dr        To School bus fee received A/c Cr              which one is correct ?  I am going to make entry in tally in journal voucher f7. Is this correct ? Plse guide me sir.

Discount on Bus fees A/c Dr
To Bus fees receivable A/c Cr
( Bus fees receivable discount allowed )

Then Discount on bus fees will be transferred to Income & Expenditure A/c ,entry will be

Income & Expenditure A/c Dr
To Discount. on Bus fees A/c Cr
( Discount allowed on bus fees transfer to I&E A/c)

Than you very much for your kind advice/guidance sir.