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A bill for Rs 30,000 is …

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A bill for Rs 30,000 is drawn by Disha on 1st May, 2018 for two months. Nisha duly accepted the bill. The bill was dishonoured on maturity. Give Journal entries in each of the following cases: (i) If the bill was retained by Disha till Maturity. (ii) If the Bill was got discounted with the bank @12% p.a. (iii) If the Bill was endorsed by Disha to her creditor sakshi in settlement of his debts of Rs 30,200 (iv) When the bill was sent to bank for collection.

Posted by Eman Choudhary 2 years, 8 months ago

CBSE > Class 11 > Accountancy

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