English, asked by sharayurdhende, 6 months ago

journalize the following transaction in the books of Ranbir

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Answered by honey7comb

0

Answer:

Ravindra renews his acceptance to Ranbir for Rs. 4,800 by paying Rs. 1800 in cash and accepted a fresh bill for the balance, plus interest @ 12% p.a for 2 months. The bank informs Ranbir that Shirin's acceptance for Rs 5500 to Ranbir discounted with the bank earlier has been dishounred and the noting charges Rs.

Explanation:

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