On 1st June, 2019, A sold goods to B for ₹ 250. B gave to A his acceptance payable 1 month after date. Before maturity B requests A to renew it, which A does adding ₹ 10 to the new bill for interest.Make the necessary Journal entries to record these transactions in the books of both A and B.

On 1st June, 2019, A sold goods to B for ₹ 250. B gave to A his acce

1.	On 1st June, 2019, A sold goods to B for ₹ 250. B gave to A his acceptance payable 1 month after date. Before maturity B requests A to renew it, which A does adding ₹ 10 to the new bill for interest.Make the necessary Journal entries to record these transactions in the books of both A and B.
Answer» On 1st June, 2019, A sold goods to B for ₹ 250. B gave to A his acceptance payable 1 month after date. Before maturity B requests A to renew it, which A does adding ₹ 10 to the new bill for interest. Make the necessary Journal entries to record these transactions in the books of both A and B.