Question

A sold goods to B Rs. 25,000 as 1st April 2019 with 10% trade discount . B requested

to pay 20% of the bill in cash and for the rest amount sent his acceptance for two

bills of Rs.10,000 for 3 months and Rs.8,000 for 2 months .For the same , A was

agreed. A has endorsed second bill in favour of his creditor C in the settlement of

Rs.8,200 while the first bill was discounted @10%p.a. as on 4 May 2019. Both the

bills were dishonoured on the due date A has paid noting charges Rs.50 on first bill

and C has paid Rs.40 noting charges .

Pass the necessary journal entries in the books of A,B and C​

Answer 1

Answer:

xtvjehigol fecujvfrguiy