Question

Renewal of Bill and Retiring a Bill under Rebate
28. A sold goods to B on 1st September, 2020 for 16,000. Bimmediately accepted a 3 months
bill. On the due date, B requested that the bill be renewed for a further period of 2 months
A agreed provided interest at 9% p.a. was paid immediately in cash. To this B was agreeable.
The second bill was met on the due date. Give the Journal entries in the books of A.​

Answer 1

Answer:

tsxgxt t act chd e d66Renewal of Bill and Retiring a Bill under Rebate

28. A sold g