Question

suman sold goods worth £60,000 to sonia and drew bills of exchanges at 2 month.The bill was accepted by sonia.On due date, the bill was dishonouref and suman paid £100 as nothing charges. pass journal entries in the books of both the party

Answer 1

in suman A/C
sonia a/c Dr.
to B/R


in sonia account
B/P a/c Dr.
to suman