Question

Sent out our acceptance at two months for 1000 to Madhu. Journalise​

Answer 1

Heyaa,,,

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Journal entry will be:

Madhu Dr 1,000.

to cash a/c 1,000.

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Answer 2

Answer:

Madhu's a/c. dr. 1,000

To bills receivable a/c. 1,000