Question

Bharti sold goods to Liza for Rs. 31,000 on 1st April, 2021. She draws a bill on Liza for Rs. 30,000 in full settlement that is to be matured after 2 months. On maturity, the bill was dishonoured and noting charges paid amounted to Rs. 200. Liza requested Bharti to draw a new bill for next 3months including interest at 12% p.a. The bill was duly made and received on the due date. Passthe necessary entries for the above transactions in the books of Bharti & Liza

Answer 1

Answer:

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