Question

- Kapil purchased goods for Rs 21000
from Gauraw on 1-02-2017 and accepted
a bill of exchange drawn by Gaurav
for the same amount. The bill was
payable after one month. On 25-02-2017
Gaurav sent the bill to his bank for
collection. The bill was duly presented
by the bank. Kapil dishonoured the
bill and the bill and the bank paid
Rs 100 as noting charges
. Record the necessary journal
entries for the above transactions in
the books of K
apil and Gaurav.​

Answer 1

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