Question

Pass Journal entries in the books of A and B.
3 On February 1, 2018 Ravi sold goods to Mohan for 18,000; * 3,000 were paid by Mohan
immediately and for the balance he accepted 3 months bill drawn upon him by Ravi. On the
date of maturity of the bill, Mohan requested Ravi to cancel the old bill and draw a new bill
upon him for a period of 2 months. He further agreed to pay interest in cash to Ravi @ 12% p.a.
Ravi agreed to Mohan's request and cancelled the old bill and drew a new bill. The new bill was
met on maturity by Mohan. Pass entries in the books of Ravi and Mohan.
A sold goods to B on 1st Sentember 2017 for 16 000
Det​

Answer 1

Answer:

Pass Journal entries in the books of A and B.

3 On February 1, 2018 Ravi sold goods to Mohan for 18,000; * 3,000 were paid by Mohan

immediately and for the balance he accepted 3 months bill drawn upon him by Ravi. On the

date of maturity of the bill, Mohan requested Ravi to cancel the old bill and draw a new bill

upon him for a period of 2 months. He further agreed to pay interest in cash to Ravi @ 12% p.a.

Ravi agreed to Mohan's request and cancelled the old bill and drew a new bill. The new bill was

met on maturity by Mohan. Pass entries in the books of Ravi and Mohan.

A sold goods to B on 1st Sentember 2017 for 16 000

Det

Answer 2

Answer:

18000upon3000upon3into2upon12%into16000

Explanation:

14400000