Accountancy, asked by reshilateef234, 9 months ago

On 1st Oct. 2017,Mr Ram discounted B/R of Rs 40,00,000 with HDFC Bank at the rate of 12percent p.a. period of Bill 5 months. Make a journal entry in the books of Bank.

Answers

Answered by wwwpayalshah0406com
1

Answer:

B/R a/c. dr 40,00,000

to Ram. a/c 38,00,000

to discounting charges a/c 2,00,000

(Being bill discounted by ram)

Hope it helps you

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