Question

Nalini's acceptance to hema was for ₹10,000 was retired one month before due date at a discount of 12% p.a. Pass the necessary journal entries from Bills of exchange .
pls help ,it's urgent!!​

Answer 1

Answer:

Bills receivable a/c. dr 9900

rebate on bill. a/c. dr. 100

To cash a/c. 10000

Answer 2

Answer:

find first 12%of 10000 with credit and debit account