On 1st August, 1993, A sold goods of the value of Rs. 20,000 to B and

1.	On 1st August, 1993, A sold goods of the value of Rs. 20,000 to B and drew uponhim a bill at two months for the amount. B accepted the draft. On the due date, Bexpressed his inability to meet the bill and offered to pay Rs. 8,000 in cash and accepteda new bill for the balance plus interest at 15% p.a. for three months. A agreed to thisproposal. On maturity this bill was duly met by B. Pass entries in the books of A and B.
Answer» ANSWER: thanks for the update and for the RECORD I have to go to the store and get some rest and feel better SOON and that is why I am asking for a friend to talk to you about it.

On 1st August, 1993, A sold goods of the value of Rs. 20,000 to B and drew uponhim a bill at two months for the amount. B accepted the draft. On the due date, Bexpressed his inability to meet the bill and offered to pay Rs. 8,000 in cash and accepteda new bill for the balance plus interest at 15% p.a. for three months. A agreed to thisproposal. On maturity this bill was duly met by B. Pass entries in the books of A and B.

Answer»

thanks for the update and for the RECORD I have to go to the store and get some rest and feel better SOON and that is why I am asking for a friend to talk to you about it.

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