A sold goods to B 1st september , 2018 for ? 16,000. B immediately accepted a 3
Channel: Doubtnut
Date: 29/03/2020

A sold goods to B 1st september , 2018 for ? 16,000. B immediately accepted a 3 months bill. On the due date , B requested that the bill be renewed for a further period of 2 months. A agreed provided interset at 9% p.a. wa paid immediately in cash. To this B was agreeable. make the necessary Journal entries to record these transactions in the books of both A and B.