On 1st July, 1999 G drew a bill for 80.000 for 3 months on H for mutual accommodation
accepted the bill of exchange.
G has purchased goods worth 81.000 from J on the same date. G endorsed H
acceptance to J in full settlement.
On 1st September, 1999 J purchased goods worth 90.000 from H.J endorsed the bill of
exchange received from G to H and paid rs.9000 in full settlement of the amount due to H
on 1st October 1999 H purchased goods worth 1,00,000 from G.He paid the amount due to G by cheque.
Give journal entries in the books of H
Answers
Answered by
7
Answer:
Check the Answer
Date and amount will be different
Attachments:
Similar questions