16.36
Double Entry Book Keeping-CBSEXI
5. On 1st January, 2019, X sold goods of 20,000 to Y and drew a bill on Y at three months
for the amount. Y accepted the bill. The bill is met on maturity. Pass the necessary Journal
entries in the books of X and Y, if X discounted the bill @ 12% p.a. from bank on 4th January
(Hint: Discounting charges = * 600.]
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