Question

A owed B 400. A accepted a bill of exchange at 3 months for this amount which B discounted at Rs380.
give journal entries in the books of A and B if this bill is:
a)dishonoured on the due date
b)met at maturity and
c)retired under rebate at 6% p.a 2 months before its maturity​

Answer 1

Answer:

a) in the books of a

B. dr.

noting charges. dr.

To b/r