Question

On 30th January, 2020 A sold goods to B for 40,000 less 3% cash discount and paid 60% price at the same time and on the same date drew a bill on B for one mo for the balance. The bill is duly accepted by B. The bill was dishonoured on the date and Apad 320 as noting charges. Twenty days later, B paid the amount dues A by cheque. Make journal entries in the books of A and B.​

Answer 1

Answer:

refer to the attachment above

and may I be your friend??

Explanation:

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Answer 2

Answer:

6, 2017 A sold goods for ₹ 1,00,000 to B. B paid 40% immediately on which A allowed a cash discount of ₹ 500. For the balance A drew a bill on B payable