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B owed Rs. 7,000 to A. …

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B owed Rs. 7,000 to A. A received Rs.2,000 cash and for the balance draw a bill on B for 2 months which was duly accepted by B. A endrosed the bill to C. C endrosed it to his creditor D. D discounted the bill from his banker for rs. 4,900. On the date of maturity, the bill was dishounered and noting charges paid rs. 50. Pass the necessary journal entries in the books of all the parties.

Posted by Geet Dang 8 years, 1 month ago

CBSE > Class 11 > Accountancy

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