Question

3. On 1.4.2009 A sold Rs. 9,000 worth of goods to B on credit basis and drawn a bill for 3 months. B accepts the bill and returns it to A. pass journal entries in the books of A and B in each of the following cases:

a. A retains the bill till the due date (honoured on the due date)

b. A discounts the bill for Rs. 8,750

(dishonoured on the due date, noting charges Rs. 100)

c. A endorsed the bill in favour of his creditor C. (honoured on the due date)

d. A sends the bill to the bank for collection. (dishonoured on the due date, noting charges paid Rs. 150)​

Answer 1

Answer:

c is the correct Answers

Explanation:

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