Question

(33) Sunil draws a bill on Anil for 7,000 at 3 months. Anil accepts the bill and returns it to Sunil. The bill is discoJl by Sunil for 6,950 with his bank. On maturity, Anil finds himself unable to make payment of the bill and regSunil to renew it. Sunil accepts the request and draws a new bill at one month for 7,050 including interestdeposits this new bill with the bank for collection. On the due datę Anilhonours the bil.And AnilPass necessary journal entries in the books of Sunil and open Sunil's A/c in the ledger of Anil.Ans: Discount= 50.​

Answer 1

Answer:

Discount 57 Is Correct

Explanation:

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