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On 23 November 2020 A Sold …

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On 23 November 2020 A Sold goods to B for Rs10,000. A draws bill for Rs9,800 in full settlement upon B to which B accepts and return it to A. The period of bill was for 2 months. A owned Some amount to C amounting to Rs 10,000. Therfore a A endoursed the bill to C in his fullsettlement After 1 Month C discounted the bill from bank at Rs9,800. On maturity the bill was dishonoured and A paid the due amount to C and after 1 week B paid the due amount to A. Pass necessary entries in the books of all the parties

Posted by Ratana Bhutra 3 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Shivam Sharma 3 years, 9 months ago

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