Question

A sold goods to B for Rs 6000 on 1st jan., and drew upon him a three months bill for the amount. B accepted the bill and returned it to A. On the due date , the bill was dishonoured. Give the necessary journal entriee in the books of A, B and C in each of the following alternative cases.
Case(a) When A retained the bill with his bankers @ 15% p.a on 4th feb. and the bank paid the noting charges of Rs 60​

Answer 1

Answer:

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