Question

On 1st August, 1993, A sold goods of the value of Rs. 20,000 to B and drew upon
him a bill at two months for the amount. B accepted the draft. On the due date, B
expressed his inability to meet the bill and offered to pay Rs. 8,000 in cash and accepted
a new bill for the balance plus interest at 15% p.a. for three months. A agreed to this
proposal. On maturity this bill was duly met by B. Pass entries in the books of A and B.​

Answer 1

Answer:

thanks for the update and for the record I have to go to the store and get some rest and feel better soon and that is why I am asking for a friend to talk to you about it.