Question

Discounting on bill
Prakash receivedfrom Mohan an acceptance for 30000
on 1st July 2017 at 3 months Prakash got this accepectance
discounted @ 12%. P.a.at his bank.on the due date Mohan
Paid the required amount.
Give the Journal entries in the book of Prakash and
Mohan​

Answer 1

0000000000000000000000000