tag:blogger.com,1999:blog-1642103494435206502.post1810616937494468018..comments2023-08-26T18:38:31.851+05:30Comments on OMTEX CLASSES: Anjali of Nagpur sold goods worth Rs. 25,000 to Rupali of Amaravati. On next day Ruapali paid Rs. 10,000 in cash and accepted two months bill for the balance drawn by Anjali. Anjali discounted the bill at 12% p.a. with her bank. Before due date, Rupali finds herself unable to make payment of the bill; and requests Anjali to renew it. Anjali accepts the proposal on the condition that Rupali should pay Rs. 5,000 in cash and accept new bill for one month along with interest Rs. 200 for the balance. These arrangements were carried through. The new bill was met on due date. Give journal entries in the books of Anjali.Aminhttp://www.blogger.com/profile/00544496420901178142noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1642103494435206502.post-18723548267187810322020-02-04T14:06:44.730+05:302020-02-04T14:06:44.730+05:30No the bill is for 2 monthsNo the bill is for 2 monthsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1642103494435206502.post-16618867807473849592020-02-04T14:04:58.379+05:302020-02-04T14:04:58.379+05:30Discounted amount will be rs.1800Discounted amount will be rs.1800Anonymousnoreply@blogger.com