Question

A Textbook of Accountancy - UK
582
Retaining the Bill Till Due Date
2. A sold goods to B for 360,000 on 1.1.2012 and drew a bill for the same. B accepted the
bill and honoured it on the due date. Pass the journal entries in the books of A and B​

Answer 1

Answer:

• B. a/c. Dr.
• to seles a/c

• B/R. a/c. Dr.
• to B. a/c

• B. a/c. Dr.
• to B/R. a/c.