Question

18, On 1st April, 2019, X sold goods to Y worth 4,500. On the same date, he drew on Y thre bills for * 1,300 ; * 1,400 ; and 1,800 for two months, three months and four months respectively. Y accepted all the three bills and sent them to X. X retained the first bill discounted the second bill with the bank for 1,350 and endorsed the third bill to Z. On the due date, Y met his acceptances. Record the above transactions in the books of X, Y and Z​

Answer 1

Question:

On 1st April, 2019, X sold goods to Y worth 4,500. On the same date, he drew on Y thre bills for * 1,300 ; * 1,400 ; and 1,800 for two months, three months and four months respectively. Y accepted all the three bills and sent them to X. X retained the first bill discounted the second bill with the bank for 1,350 and endorsed the third bill to Z. On the due date, Y met his acceptances. Record the above transactions in the books of X, Y and Z​

REFER TO PIC