togoryamba togoryamba

05-01-2023
Business

Answered

on the 1st of April 2010 Peter sold goods worth $900,000 to Paul, a bill with a maturity date of 30th October 2010 was drawn by Peter and accepted by Paul on 2nd April 2010 the bill is presented to Paul but he fails to pay itand it is therefore dishonored. The bill is therefore noted for cost of $20,000. You are required to show the necessary posting in the books of Peter and Paul

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