Question

give journal entry for discounting of bill of writer / drawer​

Answer 1

Explanation:

A drawer or the seller draws a bill of exchange on the drawee or the purchaser in order to ensure that the latter will pay him the amount due. However, if the holder or the drawer of the bill of exchange needs funds or money before the due date or the maturity date of the bill, he may opt for Discounting of Bills.

Answer 2

The solution is in the above image.