A owes B 40,000 . On 1st april, 2018, he accepts a bill for 38,000 for 3 months in full settlement . B immediately endorses the bill to his creditor C> On 1st July , 2018, A becomes bankrupt and B receives first and final dividend of 30 paise in the rupee. Write up the necessary journal entries in books of A.

regards.

  • 1
Hope it helps!!!

  • 1
What are you looking for?