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!!
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6
Answer:
Bills receivable a/c. dr 9900
rebate on bill. a/c. dr. 100
To cash a/c. 10000
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0
Answer:
find first 12%of 10000 with credit and debit account
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