NOTES


CA-Foundation > Principles and Practice of Accounting > Theoretical Framework -Accounting Standards and Policies & Indian Accounting Standards >

Theoretical Framework -Accounting Standards and Policies & Indian Accounting Standards Notes

Q1. On 1st January, 2016, A sells goods for Rs.10,000 to B and draws a bill at three months for the amount. B accepts it and returns it to A. On 1st March, 2016, B retires his acceptance under rebate of 12% per annum. Record these transactions in the journals of B.

see in detail

Load More



CA-Foundation - Principles and Practice of Accounting:

CA-Foundation: