Question

21 Apr, 2020 Sumit Sold goods to Rajan for Rs 40.000 On the same date Rajan accepted a si drawn upon him by Sumit at 3 months for Rs 30000 and balance payment made by cheque Radha ondorsed the hill to Roy for the same amount immediately. On the due date, the bill was met. Give the journal entries in the books of all the parties​

Answer 1

Answer:

cash a/c dr 40000

to sales a/c 40000