Question

Posting From Bills Receivable Book
47. Enter the following transactions in the Bills Receivable Book and post them into Lady
2018
May 2 Received from Rakesh & Sons their acceptance at two months for 718.000
May 9
Sold goods to Mukesh & Co. for 375,000 and received a bill from the
maturity date after 60 days.
May 23 Balbir gave his acceptance at 2 months for % 47,000.
(Ans. Balance of Bills Receivable Alc 7 146.500​

Answer 1

Explanation:

Balance of Bills Receivable Alc 7 146.500

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