Question

A+sold+goods+to+the+value+of+rs.12000+to+B,+talking+a+bill+at+3+months,+dated+1st+July,+2009.+On+the+4th+August,+A+discounted+the+bill+at+5%+please.p.a.+With+his+bankers.+At+maturity+the+bill+was+renewed+and+another+bill+was+dishonoured,+B+paid+Rs.+3000+as+noting+charges+and+accepted+another+bill+at+3+months+for+Rs.+9000+at+6%+interest,+but+before+maturity+he+becomes+insolvent,+and+ultimately+paid+his+creditors+75+paise+in+the+rupee++Make+the+entries+in+A's+journal+according+the+above+transactions+

Answer 1

Answer:

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Explanation:

Answer 2

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