Question

Rao purchased goods worth ` 30,000 from Krishna on 1st October, 2012. He pays ` 10,000 immediately in cash and sends his acceptance at three months to Krishna for the balance payable at the Bank of India Ltd, New Delhi. Krishna gets the bill discounted at six per cent per annum. On the due date, the bill was met. Give journal entries in the books of the two parties.

Answer 1

Answer:

200000047728829for your new answer