Question

On 1st March,2019, A drew a bill of exchange of Rs.60,000 on B payable 3 months after date. on the same day A endorsed the Bill of Exchange to C in settlement of his debt to the latter for the same amount. On 2nd March,2019 ,C discounted the Bill of Exchange for Rs.58,000 with his bank.On maturity the bill of exchange was dishonoured,bank paid noting charges Rs.500. Journalise the transactions in the books of A,B,C.

Answer 1

Answer:

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