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A purchases goods of ₹ 62,000 from B. A gives his acceptance for ₹ 62,000. B purchases goods worth ₹ 1,00,000 from C and endorses the bill to him, paying the balance by cheque

1.09K viewsOctober 25, 2023Bills of Exchange

Anurag Pathak28.35K October 25, 2023 0 Comments

A purchases goods of ₹ 62,000 from B. A gives his acceptance for ₹ 62,000. B purchases goods worth ₹ 1,00,000 from C and endorses the bill to him, paying the balance by cheque. On maturity the bill is dishonoured, noting charges amounted to ₹ 1,000.

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

Anurag Pathak Changed status to publish October 25, 2023

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Anurag Pathak28.35K Posted October 25, 2023 0 Comments

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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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A purchases goods of ₹ 62,000 from B. A gives his acceptance for ₹ 62,000. B purchases goods worth ₹ 1,00,000 from C and endorses the bill to him, paying the balance by cheque

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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