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On 1st January, 2017, Ajay sold goods to Bhushan for 10,000. Ajay draws a bill of exchange for two months for the amount due which

On 1st January, 2017, Ajay sold goods to Bhushan for 10,000. Ajay draws a bill of exchange for two months for the amount due which Bhushan accepts and returns it to Ajay, Bhushan met the bill on the due date. Pass Journal entries in the books of Ajay and Bhushan.

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