Question

ILLUSTRATIONS
On 1st January, 2016, Vilas draws a Bill of Exchange for $10,000 due for payment after 3 months on Eknath
Eknath accepts to this bill of exchange. On 4th March, 2016. Eknath retires the bill of exchange at a discount of
129 p.a. You are asked to show the journal entries in the books of Vilas.​

Answer 1

Answer:

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