Question

Ram sold goods to Shyam of Rs.10,000 with 18% IGST as on 1st May 2019. Ram drawn

a bill for 90 days in favour of Shyam as on the same date . Shyam returned the same

bill to Ram after his acceptance. Ram endorsed the same bill to Mohan and Mohan

endorsed the same to Shyam . The Bill was matured on the maturity date and paid

also. Pass the necessary journal entries in the books of Shyam.​

Answer 1

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