Question

Give Journal entries in the books of A
10. On 10th July, 2017, A sold goods to B for 7 35,000 plus IGST @ 18%. He drew on him a
3 months bill for 35,000 and received cheque for the balance amount. B accepted the bill.
After 10 days. A endorsed the bill to his creditor C. On due date, acceptance is duly met.
Show entries in the books of A, B, and C.
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Answer 1

Answer:

A A/cd-r

BA/C D-r

To bankA/C