On 1st January, 2023, A sold goods to B for ₹ 10,000. A drew on B a bill for the amount payable 3 months after date. The bill was duly accepted by B. A retained the bill till due date. On due date, the bill was paid.

Pass Journal entries in the book of A and B. Also, show necessary accounts in the books of both the parties.

Anurag Pathak Changed status to publish October 25, 2023