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On 1 January A sold goods …

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On 1 January A sold goods to B for rs 100000 received 25 thousand in cash and drew 2 bills first 45000 and second for 30000 of two month each both bills were duly accepted by B .first bill was endorse to C in settlement of his account Of rs45000 and second bill was discounted from the bank at the rate 12 percent P.a on the due date of these bills were Dishonored .C paid rs 100 and bank had paid 80 noting charges .pass journa entry in the book of A,B and C.

Posted by Aman Nayak 5 years, 9 months ago

CBSE > Class 11 > Accountancy

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