### Sukhdev sold goods to Namdev worth Rs. 30000 on 1st March 2013.

Sukhdev sold goods to Namdev worth Rs. 30000 on 1st March 2013. Namdev accepted a bill for Three months, drawn by Sukhdev on 1st March 2013.

Solution:
Journal Entries in the Books of Sukhdev. [Drawer]

 Date Particulars L.F. Debit (Rs.) Credit (Rs.) 1.3.13 Namdev A/c ... Dr. 30000 To Sales A/c 30000 [Being Goods are sold on credit] 1.3.13 Bills Receivable A/c ... Dr. 30000 To Namdev A/c 30000 [Being the bill is drawn] 21.5.13 Namdev A/c ... Dr. 30000 To Bills Receivable A/c 30000 [Being the bill is dishonoured] 21.5.13 Namdev A/c ... Dr. 400 To Interest A/c 400 [Being the Interst is charged on Balance Amount] 21.5.13 Cash/Bank  A/c ... Dr. 10000 To Namdev A/c 10000 [Being the part payment is made] 21.5.13 Bills Receivable A/c ... Dr. 20400 To Namdev A/c 20400 [Being the new bill is drawn along the interest] 24.7.13 Cash / Bank A/c ... Dr. 20400 To Bills Receivable A/c 20400 [Being the new bill is duly honoured]

1. Pleas give the working note

1. Yes i also want working note

2. Interest amount is 2400?

3. The interest amount is supposed to be 2400 and not 400

4. The interest amount is 400 only we have to find on 2 month given 20000×12/100=2400 then 2400×2/12=400

5. Thanks for solution ♥️

6. Thank you !

7. Thanks for solution