1.

Bills receivable shot 20000 rupees was Indore to Mr Sharma journalize the transaction​

Answer»

ANSWER:

Bills receivable A/C.... Dr 20000

To Mr SHARMA 20000

Explanation:

Bills receivable is taken In debit because the PAYMENT is not MADE.... If the payment is made then we can take cash A/c

Bills receivable is an ASSET there is increase in asset... Debit.....



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