On 10th March, 2018, A draws on B a bill at 3 months for ₹20,000 which B accepts immediately and returns to A. The bill is honoured due date. Pass necessary Journal entries in the books of both the parties.

On 10th March, 2018, A draws on B a bill at 3 months for ₹20,000 whi

1.	On 10th March, 2018, A draws on B a bill at 3 months for ₹20,000 which B accepts immediately and returns to A. The bill is honoured due date. Pass necessary Journal entries in the books of both the parties.
Answer» On 10TH March, 2018, A draws on B a BILL at 3 months for ₹20,000 which B accepts immediately and returns to A. The bill is HONOURED DUE date.Pass necessary Journal entries in the books of both the parties.

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On 10th March, 2018, A draws on B a bill at 3 months for ₹20,000 which B accepts immediately and returns to A. The bill is honoured due date. ​Pass necessary Journal entries in the books of both the parties.

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On 10th March, 2018, A draws on B a bill at 3 months for ₹20,000 which B accepts immediately and returns to A. The bill is honoured due date. Pass necessary Journal entries in the books of both the parties.