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On 2 Feb 2018 amit purchased …

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On 2 Feb 2018 amit purchased goods from manisha of list price 5000 at 30% trade discount. Amit paid 5000 by check immediately and accepted a bill for the balance payable after 60 days. Manisha immediately endrosed the bill in favour of her creditor kapil. On the due the bill was dishonoured and noting charges Rs.100 were paid. Manisha settled her debt to kapil by Rs.30,100. After 10 days amit settled manisha's claim by a new acceptance of Rs.31000 including interest of the same amount. Pass journal entries in the books of Drawer only.

Posted by Sahijpal Singh Khalsa 5 years, 10 months ago

CBSE > Class 11 > Accountancy

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