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Vinod owed Rs. 10,000 to Mohan. …

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Vinod owed Rs. 10,000 to Mohan. Mohan wrote a bill of exchange for Rs 10.000 on Vinod for three months, which was duly accepted by Vinod. Mohan discounted the bill with Bank at a discount of Rs.100. On maturity. Bili was dishonoured. Bank paid Rs.20 as notine charges. Pass journal in the books of Mohan.

Posted by Harsh Kumar 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Vishal Biyani 6 years, 10 months ago

Br a/c dr.10000 To vinod a/c 10000 Cash a/c dr.9900 Discount a/c dr.100 To br a/c10000 Vinod a/c dr. 10020 To bank a/c 10020

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