Question

a draws on b 3 bills of exchange for ₹50000,₹40000 and ₹30000 respectively for the goods sold to him on 1st February 2016. these bills were for one month, 2 months and 3 month respectively. the first bill is endorsed to his creditor c. the second bill was discounted with his bank on 4th February 2016 @12% per annum discount and the 3rd bill was sent to his bank for collection on 30th April on the due date all the bills were duly met by b. the bank sent the collection advise for the 3rd bill after deduction ₹250 as collection charges. pass the journal entries in the book of a and b​

Answer 1

Answer:

looking tough but simple

Explanation:

but I will get t