amrit sold goods worth 8000 to basant on credit on 1st april 2018 and on the same date amrit drew a bill on basant at three months for the amount. the bill was duly accepted by basant. amrit endorsed the bill to chander to discharge a liability of 8100 in full settlement. chander got the bill discounted at his bank at 10% per annum. the bill was honoured at maturity. pass journal entries in the books of amrit , basant and chander.
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amrit 8110
basant 8010
Chandar 8000
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