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A owed B ₹ 8,000. He gave a bill for the same on 1st August, 2020 payable after 4 months at the Bank of India, Chandni Chowk, Delhi

1.05K viewsOctober 25, 2023Bills of Exchange

Anurag Pathak28.64K October 25, 2023 0 Comments

A owed B ₹ 8,000. He gave a bill for the same on 1st August, 2020 payable after 4 months at the Bank of India, Chandni Chowk, Delhi. Immediately after receiving the bill, B endorsed it to C is payment of his debt. On 1st September, 2020, C discounted the bill at 12% p.a. The bill is met on due date.

Pass necessary Journal entries in the books of A, B and C.

Anurag Pathak Changed status to publish October 25, 2023

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Anurag Pathak28.64K 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

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A owed B ₹ 8,000. He gave a bill for the same on 1st August, 2020 payable after 4 months at the Bank of India, Chandni Chowk, Delhi

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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