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Y owes X ₹ 40,000. On 1st January, 2023, Y accepts a 3 months bill for ₹ 39,000 in satisfaction of his full claim

997 viewsOctober 25, 2023Bills of Exchange

Anurag Pathak28.56K October 25, 2023 0 Comments

Y owes X ₹ 40,000. On 1st January, 2023, Y accepts a 3 months bill for ₹ 39,000 in satisfaction of his full claim. On the same date, it is endorsed by X to Z in full satisfaction of his claim of ₹ 39,800. The bill is disnonoured on due date. Pass Journal entries in the books of X.

Anurag Pathak Changed status to publish October 25, 2023

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Anurag Pathak28.56K Posted October 25, 2023 0 Comments

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Anurag Pathak Changed status to publish October 25, 2023

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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Y owes X ₹ 40,000. On 1st January, 2023, Y accepts a 3 months bill for ₹ 39,000 in satisfaction of his full claim

1 Answer

Anurag Pathak

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Anurag Pathak

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