Accountancy, asked by asthanegi3000, 3 months ago

A bill for rs 10,000 is drawn by A on B which is duly accepted
by the latter. The bill is duly met by B on its due date Show whate entriesv would be passed in the books of A and B under each of the following circumstances:
i) If A retains the bill till the due date
ii) if he discounts it with his bankers for rs 9,750
iii) If he endorses it to his creditor C, in full settlement of
his debt of rs 10,200
iv) if he sends it to his bankers for collection.​

Answers

Answered by deekondasanjay48
6

Answer:

iii) is the correct Answers I think soo

Explanation:

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