Question

Dishonour of Bill
30. Hema uwes 18,000 to Lata on 1st January, 2018 for which Hema acepta a 3 months ball
drawn by Lata. On the due date, the bill is dishonoured by Hema.
Pass the necessary journal entries in the books of both the parties in the following cases
(a) The bill is retained by Lata till due date
The bill 19 discounted from bank for 17,200.
(c) The bill is endorsed to Pushpa.
(d) The bill is sent to Yes Bank for collection.
plz question answer​

Answer 1

Answer:

(a) The bill is retained by Lata till due date

The bill 19 discounted from bank for 17,200.

Explanation:

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