Question

on 1st January 2019 a sold goods to be rupees 5000 plus lGST 18% .A received rupees 900 by cheque from B and Drew on him a bill for the balance amount payable 3 month after the date . the bill was duly accepted by B. a retained the bill till due date .on due date , the bill was paid . the journal entries in the books of A and B .also ,show the necessary account in the book of both the parties​

Answer 1

Answer:

AcapitalA/C-d-r

BcapitalA/C-d-r

ToBankA/C

BankA/C D-r

ToAcapitalA/C

ToBcapitalA/C