Question

15. A sold goods to the value of 12,000 to B, taking a bill at 3 months, therefore
dated 1st July, 2009. On 4th August, A discounted the bill at 5% p.a. with his
bankers. At maturity the bill was renewed and drew another bill dishonoured, B
paid Rs. 3,000 and noting charges and accept another bill at 3 months for 9,000
at 6% interest, but before maturity he had become insolvent, and ultimately paid
his creditors 75 paise in the rupee.
Make the entries in A's Journal recording the above transactions.
​

Answer 1

Answer:

hope it will help you..