Question

Maina sold goods to Naina Rs. 25,000 plus IGST @ 12% on 1st April, 2013.
On the same date, Maina drew a bill of the same amount at 3 months on Naina
The bill was accepted by Naina. Maina discounted the bill with her bank on 4
April, 2013 @ 18% p.a. On the due date, the bill was dishonoured and Noting
charges Rs. 250 were paid by the bank. Naina agreed to pay Rs. 8,250 and
accepted another bill for the remaining amount for 2 months together with
interest @ 18% p.a. On the due date the bill was duly met. Give Journal Entries
in the books of Maina.
(5)​

Answer 1

Answer:

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Perceived expected outcomes from convergence initiatives include: 1) Increase in Social Capital: Collective planning and implementation among different stakeholders will enhance social capital. This will improve management and work output.