Question

A sold goods to B for Rs 500 on 1st January, 2015 and draws a Bill on the same date for 2
months. The bill was duly accepted by B and it was duly met on due date. Show entries in the
books of A, B and C under each case:
(i) If A retains the bill till due date.
(ii) If A discounts the same with his banker paying Rs 5 for discount on 4
th February,
2015.
(iii) If A endorses it to creditor C in full settlement of Rs 520 on 4
th February, 2015.
(iv) If A sends the bill to his banker for collection on 4
th February, 2015.

Answer 1

Answer:

so tough question  ( ༎ຶ ◡ ༎ຶ  ) tbh.

Explanation: