Question

Mar 20) 0.26. On 1" March, 2016 Meenakshi sold goods to Neeta worth * 40,000. Neeta accepted a bill for 3 months drawn by Meenakshi on 1st March, 2016. On 31 May, 2016 Neeta requested Meenakshi to renew the bill. Meenakshi agreed on condition that Neeta should pay 10,000 in cash and accept a new bill for the balance amount plus interest @ 12% p.a. for 2 months. Neeta accepted the new bill drawn for two months plus interest. On the due date the new bill was honoured. Give Journal Entries in the books of Meenakshi and prepare Neeta's account in the book of Meenakshi.



​

Answer 1

Answer:

sorry I don't understand your question