CA CPT 2014 June Question Paper Fundamentals of Accounting for online practice

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Question : 34 of 60

Marks: +1, -0

A draws a bill for Rs. 20,000 on ‘B’. ‘B’ Accepts for 2 months. After 1 month ‘B’ paid the bill amount @9%. Journal entry in the Books of ‘B’ will be

Bank A/c Dr. 20,000
To Bills payable A/c 20,000
Bank A/c Dr. 20,000
To Bills payable A/c19,850
To Discount A/c150
Bills payable A/c Dr. 20,000
To Bank A/c20,000
Bills payable A/c Dr.20,000
To Discount A/c150
To Bank A/c19,850

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