Question

A, who is in need of Funds, persuades B to help him by accepting an Accommodation Bill for Rs.20,000 for three months. B accepted the bill on Mrach 15, 2005. On the same day A got the bill discounted with the bankers @ 12% p.a. On due date, A remitted the amount of the bill to B who honoured the bill.

Give Journal Entries in the books of 'A' and 'B'


[Note : Give answer on Notebook]

Answer 1

Hey Buddy,
here is The Answer in the pic.


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