Question

On 1st March 2016 Meenakshi sold goods to Nita worth ₹40,000. Nita accepted a

bill for 3 months drawn by Meenakshi on 1st March 2016. On 31st may 2016,

Nita requested Meenakshi to renew the bill. Meenakshi agreed on condition that

Nita should pay₹ 10,000 in cash and accept a new bill for the balance amount plus

interest at the rate 12% per annum for 2 months. Nita accepted the new bill drawn

for 2 months plus interest. On the due date the bill was honoured.

Give Journal entries in the books of Meenakshi and prepare Nita's account

in the books of Meenakshi .​

Answer 1

Answer:

whuskkcojcio3kith

Answer 2

Answer:

firstly inthe books of meenakshi: nita Dr. to sales