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On 10th July, 2017, A sold goods to B for ₹ 35,000 plus IGST 18%. He drew on him a 3 months bill for ₹ 35,000 and received cheque for the balance amount. B accepted the bill. After 10 days, A endorsed the bill to his creditor C. On due date, acceptance is duly met. Show entries in the books of A, B, and C. |
| Answer» On 10th July, 2017, A sold goods to B for ₹ 35,000 plus IGST 18%. He drew on him a 3 months bill for ₹ 35,000 and received cheque for the balance amount. B accepted the bill. After 10 days, A endorsed the bill to his creditor C. On due date, acceptance is duly met. Show entries in the books of A, B, and C. | |