CBSE Class 11-commerce Answered
A sold goods to B for Rs 1000 on 1st Jan and on the same date draws on him a bill for 3 months
Asked by jobianmartin09 | 04 Nov, 2019, 02:28: PM
Expert Answer
A sells goods to B for Rs.1,000 and draws a bill on the same date for 3 months. Entry to be passed in the books of A will be as follows:
i. For sale of goods on credit:
B's A/c Dr. 1,000
To Sales A/c 1,000
ii. Bills Receivable A/c Dr. 1,000
To B's A/c 1,000
Answered by Surabhi Gawade | 04 Nov, 2019, 03:06: PM
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