Question

Ravi sold goods worth Rs.20,000 to Vijay and drew a bill for two months which was duly accepted by Vijay give journal entries (on maturity) in the books of Ravi in the following cases:
1.When the bill was retained by Ravi till maturity.
2. When the bill was sent by Ravi to bank for collection.
3. When Ravi had got the bill discounted from bank.

Answer 1

$\huge{\mathfrak{answer \ :-}}$

1) When the bill was retained by Ravi till maturity.

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Thanks !!

Answer 2

Hey mate ✌️✌️

Ravi sold goods worth Rs.20,000 to Vijay and drew a bill for two months which was duly accepted by Vijay give journal entries (on maturity) in the books of Ravi in the following cases:
1.When the bill was retained by Ravi till maturity.☑️☑️
2. When the bill was sent by Ravi to bank for collection.
3. When Ravi had got the bill discounted from bank.


ANSWER ⏬⏬⏬⏬

When the bill was retained by Ravi till maturity.