Question

On 1st January, 2018, Ram sold goods to Shyam for ` 30,000,

and immediately received from Shyam ` 10,000 in cash and on

the same date drew a bill on Shyam at three months for the

balance. The bill is duly accepted by Shyam. Bill was

dishonoured on the due date and Ram paid ` 50 as noting

charges, ten days later Shyam paid the amount due to Ram.

You are required to pass necessary journal entries in the books

of both the parties.​

Answer 1

Answer:

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Explanation:

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