Question

Malati drew on preeti a bill for rs 12000 at 3 months and preeti accepted it. On the same date malati discount the bill With her bank at 10%.on due date Preeti Dishonored her acceptance.preeti then rs 4000 to malati and accepted a fresh at 2 months for the balance including interest of rs 200.before due date of this fresh bill,Preeti became insolvent and only 50 pause in A rupee was received as first and final dividend from her estate.
Pass necessary journal entries in the books of malati.

Answer 1

Answer:

Explanation:

Rs 330

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Answer 2

Answer:

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