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On 1st January, 2015 SushI sold …

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On 1st January, 2015 SushI sold goods on credit Valued at Rs. 1, 00, 000 to Sumit and drew a bill at three months for the same. Sumit accepted the bill.Sushil discounted the bill with his Bank at 12% per annum on 4th jJanuary, 2015 The bill was dishonoured on due date. Bank incurred Rs.250 as nothing changes. Give Journal Entries in the book of Shushil and Sumit.

Posted by Vedant Makhija 7 years, 11 months ago

CBSE > Class 11 > Accountancy

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