On 13 March 2013 Sumit sold goods to Anil for 30,000. Sumit draw a Bill for same amount and anil accept it and return to Sumit. Sumit discounted this bill from bank on 20 March. On due date payment was made by anil.
Pass journal entries in the books of Sumit and anil if bill is drawn for 3 months
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prepare final account of sumit for the year ending 31st december
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