Question

10. A sold goods to B for 20,000 or credit of 3
months. He drew on the latter a bill or the
amount. The bill was endoresed in favour of
C, who got the payment on maturity. give
the Journal entries in the books of A.

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Answer 1

Answer:

In books of A

journal

B. dr. 20000

To sales account 20000

Bills receivable. dr 20000

To B. 20000

C. dr. 20000

To bills receivable. 20000