MY QUERY IS
Self Balancing Ledgers :
if in question Bills Receivable Renewed is given....
whether we have to pass 2 entries --->
1. Debtors A/c Dr
To Bills Receivable
(being cancellation of old B/R on renewal)
2. Bills Receivable A/c Dr
To Debtors
(being B/R renewed)
OR
whether we have to pass only one entry as under
Bills Receivable A/c Dr
To Debtors
(being B/R renewed)
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