0 votes
in Accounts by (46.2k points)
closed by

Suraj received from Kartik an acceptance for 60,000 on 1st july, 2019 at 3months. Suraj got this acceptance discounted @12% p.a.at his bank. On the due date, Kartik paid the required amount. Give the Journal entries in the books of Suraj and Kartik.

1 Answer

+1 vote
by (47.4k points)
selected by
Best answer

Books of Suraj 


Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.