B’s acceptance for ₹ 1,000 due on this day, was renewed at his request for 3 months with interest @ 6% p.a
Give Journal entries for the following:
(a) B’s acceptance for ₹ 1,000 due on this day, was renewed at his request for 3 months with interest @ 6% p.a.
(b) Out bill to C, Chandra for ₹ 5,000 renewed for 2 months with interest @ 6% p.a.
(c) B’s acceptance of ₹ 3,000 is discharged on his paying us cash ₹ 1,000 and accepting a fresh bill for the balance with interest ₹ 100.
Anurag Pathak Changed status to publish October 25, 2023
