Question

Journalise the following transactions in the books of Sudha:-
Endorsed Sonali's acceptance at 2 months for 6,000 in favour of
Urmila and paid cash 3,500 in full settlement of her account
10,000.
Discounted 2 months acceptance of Surya for 7,800 with bank at
10% p.a.
Bank informed that Anuradha's acceptance of 4,800 which was
discounted was dishonoured and bank paid Noting Charges 125.
Pooja honoured her acceptance of 16,400 which was deposited
into bank for collection.​

Answer 1

Explanation:

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