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Dolly sold goods to Geeta for …

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Dolly sold goods to Geeta for rupees 12000 on 1st Jan 2019 on the same day Dolly draw the 3 bills of rupees 4000 each of 3 month duration on Geeta payable 3 months after sight Geeta accept the bills on 7jan 2019 and and return these to dolly Dolly discounts the first bill on 7th Jan 2019 second bill on 7th February 2019 and third bill on 7th March 2019 discounting charges at 6% per annum in all the three bills the bills are duly met on due date

Posted by Taneesha Bhania 6 years ago

CBSE > Class 11 > Accountancy

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