Accountancy, asked by deepakojha11411, 1 month ago

Endorsement of a Bill
7. A drew a bill of 1,000 on B for 3 months which was duly accepted by the latter. A endorsed
the bill to C in full payment of his own. acceptance to C for a like amount. C endorsed the
bill to B.
Pass the Journal entries in the books of A, B and C.




ples solve this​

Answers

Answered by sangeeta9470
7

Answer:

In books of A

Bills receivable account dr 1000

To B. 1000

C. dr. 1000

To B/ R account. 1000

In books of B

A. dr 1000

To bills payable. 1000

Bills payable. dr 1000

To bills receivable. 1000

In books of C

B/,R. dr. 1000

To A. 1000

B. dr 1000

To B/ R. 1000

Answered by shubhashrees73
6

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