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
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
