Question

Chandra drew a bill for ₹ 5,000 at 3 months on Rana, Rana accepted the same and sent it to Chandra. Chandra
deposited the same with his bankers for collection. The bill was dishonoured on presentation on the due date
Bank incurred * 10 as noting charges.
Give Journal entries in the books of both the parties.​

Answer 1

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