Question

3. On 1st January, 2019, A sold goods to B for ₹5,000 plus IGST @ 18%. A received ₹900 by cheque
from B and drew on him a bill for the balance amount payable 3 months after date. on due date,The bill
was duly accepted by B. A retained the bill till due date. On due date, the bill was paid.
Pass Journal entries in the books of A and B. Also, show necessary accounts in the books
of both the parties.​

Answer 1

Answer:

01-Jan-2019 — The bill was duly accepted by B. A retained the bill till due date. on due ... the bill for the balance amount payable 3 months after date