Question

Q. 12. On January 1, 2017, Ajay sold goods to Balbir for 10,000 at a discount of 20%. On that date, Balbir accepted a bill, drawn on him by Ajay for $8,000 payable 3 months after sight. Having surplus funds, Balbir paid off the bill on 4th March, 2017 and was allowed a rebate of 18% per annum. Show Journal entries in the books of Ajay and Balbir,​

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Commerce Notes | Edu

Page No 18.60: Question 12: On January 1, discount of 20%. On that date, Balbir accepted a bill, drawn on ...

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Retiring a Bill under Rebate 12. On January 1, 2017, Ajay sold ...

01-Nov-2021 · 1 answer

On that date, Balbir accepted a bill, drawn on him by Ajay for 38,000 payable 3months after sight. Having surplus f

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On 1 January 1986 Aja

sold goods to Balbir for 10000 at discount ...

11-Nov-2016 · 1 answer

On 1 January 1986 Aja sold goods to Balbir for 10000 at discoun