AID15370: On 1st January, 2011, 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, 2011, B retires his acceptance under rebate of 12% per annum. Record these transactions in the journals of B.

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Q: On 1st January, 2011, 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, 2011, B retires his acceptance under rebate of 12% per annum. Record these transactions in the journals of B.

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