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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

1.07K viewsOctober 25, 2023Bills of Exchange

Anurag Pathak28.65K 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 Pathak28.65K Posted October 25, 2023 0 Comments

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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

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Anurag Pathak

1 Answer

Anurag Pathak

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