Question

23. Sukhdev sold goods to Namdev worth Rs.30,000 on 1s4 March 2013. Namdev accepted a bill for three
months, drawn by Sukhdev on 1st March 2013. Namdev requested on 21st May 2013 to Sukhdev to receive
Rs.10,000 and to draw a new bill for the balance for two months.
Sukhdev agreed on condition that interest at 12% p.a. for two months is to be provided. Sukhadev then
drew a new bill for balance amount plus interest at 12% p.a. for two months. Namdev accepted the new
bill. On due date the new bill was honored. Give journal entries in the books of Sukhdev. a Namdev
(October 2015)

Answer 1

Answer:

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