30) On January 2008, A sold goods for 50,000 and drew three bills of exchange for 8000,20,000 and 22,000 for 2 months, 3 months and 4 months respectively.
First bill was endorsed to C on 04.01.2008, second bill was discounted with bank on 01.02.2008 @ 8%
p.a. and third bill was retained till maturity.
All the bills were honoured on the due date.
Pass entries in the books of A and B. (With narrations)
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