Car exchange discount

AT THE TIME OF SELL

1. PARTY A/C DR. xxxxxx

  TO CAR CR.      xxxxxx

AT THE TIME OF RECD PAYAMENT THROUGH PARTY

1. PARTY CR. xxxxxxxxxx

    BY BANK / CASH  xxxxxxxxxx.

AT THE TIME OF PURCHASED NEW CAR.

CAR A/C DR. xxxxxxxxxxxxx (FULL AMT)                                                       

TO DISCOUNT RECEIVED CR.       xxxxxxxxxxx                   

TO PARTY CR.                                     xxxxxxxxxxx

AT THE TIME OF PAYMENT TO VENDOR

PARTY A/C DR. xxxxxxxxxxxxx (AFTER DISCOUNT)

TO BANK /CASH. 

OR

 CAR A/C DR. xxxxxxxx ( AFTER DISCOUNT AMT)

   TO PARTY xxxxxxxx

Hi

If you adjust the old car value as discount, then u will pass the following entry as

New Car A/c. Dr

Old Car A/c. Cr

Supplier A/c. Cr