Question

I
draws a bill on
the the bill
and
returns but to
I altor 3 months. I acht the b.goo fill is payahlo
1 xl on 1st March 2018. On April 4 2018 X acts the
bill, discounted from bank at 12% per annum, The
Bill is dishonoured on due dat and bank gays a
so as noting charges. In the same date xl drams
a new bill payable after 2 months for 28000 Plus
Intenst 8% per annum, and the bal amount
is recened from Y in Cash New bill is, duely received on due date, pass journal entry
​

Answer 1

Answer:

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