On 1st March, 2023, R accepted a bill of exchange for ₹ 20,000 from S payable 3 months after date in full settlement of his dues
On 1st March, 2023, R accepted a bill of exchange for ₹ 20,000 from S payable 3 months after date in full settlement of his dues. On the same day, S endorsed the bill of exchange to T together with a cheque for ₹ 5,000 in settlement of his debt to the latter. On 2nd March, 2023, T discounted the bill of exchange @ 6% p.a. with his bank. On maturity the bill of exchange was dishonoured.
Journalise the transactions in the books of R and T.
Anurag Pathak Changed status to publish October 25, 2023
