Question

Dishonour of bills of exchange
Kotireddy purchased goods worth Rs. 12,000 from Rajareddy on 25th March 2014
and accepted a bill of exchange drawn upon him by Rajareddy payable after two months.
On the date of maturity Kotireddy dishonoured the bill. Rajareddy paid Rs. 80 as noting
charges.
Pass the necessary journal entries in the books of Rajareddy and Kotireddy.​

Answer 1

Answer:

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