Question

4. Vimal purchase goods for rupees 25000 from Kamal on January 15 2006 and accepted a bill of exchange drawn upon him by Kamal payable after 2 months. On the date of maturity the bill was duly present for payment. Vimal dishonour the bill. Record the journal entries in the book of Kamal when: A) the bill was retained by Kamal till the date of its maturity B) the bill was immediately discounted by Kamal with his bank at the rate 6% per annum C) the bill was endorsed by Kamal in favour of his creditor Sharad.​

Answer 1

Answer:

fuel

Explanation:

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