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.

On 1st june 2019, A sold goods at B for ₹250. B gave to A his acceptance payable 1 month after date. Before maturify B requests A to renew it, which A does adding ₹ 10 to the new bill for interest Make the necessary Journal entries to record these transactions in the books of both A and B.

On May 01, 2016 Mohit sends his promissory note of Rs 6000 for 3 months to Rohit. Rohit gets it discounted with his bankers at 18 percent per annum on May 04. On the due ate the bill is dishonoured, the bank paying Rs 10 as noting charges. Rohit agrees to accept Rs 2,130 in cash (including Rs 130 for noting charges and interest) and another promissory note for Rs 4,000 at 2 months. On the due date, Mohit approaches Rohit again and asks for renewal of the bill for a further period of 3 months. Rohit agrees to the request, provided Mohit pays Rs 200 as interest in cash. This last bill is paid on maturity. Draft journal entries in the books of Mohit and Rohit.

A sells goods of ₹ 10,000 on 1st March, 2019 to B on credit. B accepts a bill on the same date for the amount payable three months after date. A discounts the bill at 6% p.a. from bank on 4th April.On maturity, the bill is met by B. Pass the necessary Journal entries in the books of both the parties.

On 1st January 2019 , A sold goods to B for ₹ 5,000 plus IGST @ 18% A received ₹ 900 by cheque was duly accepted by B.A retained the bill for the balance 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 books of A and B Also, Show necessary accounts in the books of both the parties.

On 1st January , 2019 A draws a bill in B for ₹ 1,000 payable after 3 months. Immediately after its acceptance, A sends the bill to his bank for collection. On the due date, the bill was dishonourd . Record the transactions in the Journals of A and B.

A drew upon B a bill for ₹ 60,000 at 2 months and B returned the bill duly accepted on 1st January , 2019. A discounted the bill with bank @ 15% p.a. Before the bill was due for payment, B informed A that he was not able to pay the full amount and requested A to accept ₹ 20,000 immediatelyj and draw upon hum another bill for the balance amount for 2 mounts along with interset @ 18% p.a. A agredd. the second bill was duly met. give the journal entries in the books of both A and B.

On 1st January , 2019 A drew a bill on B for ₹ 10,000 payable after 3 months . B accepted the bill and returened it ot A. After 10 days. A endorsed the bill creditor C. On the due date, the bill was dishonoured and C paid ₹ 50 as noting charges. Record the transactions in the books of A,B and C.

A sells goods to B for ₹ 10,000 plus CGST and SGST @ 9% eacyh. B pay ₹ 1,800 in cash and accepts a bill for the balanc amount for 3 months. Before the due date, B requests A to cancel the bill and to accept ₹ 3,000 as part payment and to draw a fresh bull on him for ₹ 7,200 for a futher period of 2 months-- ₹ 200 being the interset for the extended period. A agress to the proposal . the new bill is duly honourd. the extended period. A agress to the proposal. hte new bull is duly honoured. Pass necessary Journal entries and other party's account in the books of both the parties.

Asha sold goods worth Rs 19,000 to Nisha on March 02, 2017. Rs 4,000 were paid by Nisha immediately and for the balance she accepted a bill of exchange drawn upon her by Asha payable after three months. Asha discounted the bill immediately with her bank. On the due date Nisha dishonoured the bill and the bank paid Rs 30 as noting charges. Record the necessary journal entries in the books of Asha and Nisha.