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Randeep draws a bill on Shekhar …

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Randeep draws a bill on Shekhar for 36,000 on December 1, 2018 for 3 months which duly accepted and returned by Shekhar. Pass journal entries in the books of Randeep and Shekhar in each of the following cas assuming that the bill is dishonoured at maturity : (i) Randeep retains the bill at maturity, (ii) Randeep discounts the bill from bank for 5,800. (iii) Randeep endorses the bill in favour of Salman.

Posted by Khushi Bhalla 2 years, 8 months ago

CBSE > Class 11 > Accountancy

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