Question

Amit received from Hari an acceptance for Rs.30,000 on 1st
july, 2019 at 3 months. Amit got this acceptance discounted
12% p.a at his bank. On the due date Hari the bill was
dishonoured. Give journal entries in the books of Amit and
Hari​

Answer 1

Answer:

1 - hari a/c dr 30000

To B/P a/c 30000

2 - bank a/c dr29100

dis a/c dr900

B/P a/c 30000

for hari

1 - amit 30000

To B/P 30000

2- B/p 30000

To bank a/c 30000.