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