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On 1st January, 2020, A sold goods to B for`30,000. On that date, B accepted the bill drawn on him for 3 months with respect
On 1st January, 2020, A sold goods to B for`30,000. On that date, B accepted the bill drawn on him for 3 months with respect to the same. A retains the bill till due date and sends it to the banker for collection on the same date. In due course, A receives the information from the bank that the bill has been duly met.
What will be the journal entries in the books of A?
its a simple question pls answer it!
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