Question

B. Jhanvi sold goods to Janya for 320,000 on 15th April, 2019. Janya paid 510,000
immediately and accepted a three-month bill for the balance. Jhanvi endorsed
the bill to Aakash and Aakash endorsed the bill to Ekta. On 18th May, 2019 Ekta
got the bill discounted from her bankers @12% p.a. On due date Janya failed
to honour her acceptance and bank had to pay 500 as noting charges. Pass
necessary journal entries in the books of Jhanvi and Ekta only.​

Answer 1

Answer:

These solutions for Bills Of Exchange are extremely popular among Class 11 ... 6, 2017 A sold goods for ₹ 1,00,000 to B. B paid 40% immediately on which A ... ( Bill discounted with bank @ 15% p.a. for 3 months) ...