Question

A sells goods for 8000 to B on 1st Jan 2019 and on the same
date draws a bill for 3 months on the letter for the amount. B
accepts it and returns it to A. Who discounts it with his banker
for 7850? On the due date the bill is dishonoured. Noting
change of 150 were paid by the bank. Give the journal entries
to record these transaction in the book of A.

Answer 1

Answer:

this is very long question