Question

For goods sold A draws on 1st January, 2018 a bill upon B for 5,000 payable 3 months after date
. The bill is
duly accepted. On maturity, B is unable to pay the bill gives another bill payable one month after date and agre
to pay interest @ 6% per annum and incidental charges amounting * 45. Show the entries in the books of A and B​

Answer 1

Connective nouns

flight

colony

group

boy

carton

kennel

cup

judges

flack

flock

hope it is helpful

Answer 2

Answer:

In the books of A

01.01.18 B A/c...dr 5000

To sales a/c 5000

01.01.18 B/R a/c...dr 5000

To B a/c 5000

04.04.18 Interest a/c...dr 75

Incidental charges a/c 45

To B a/c 120