Question

on 1st October 2019 .X sells goods to y.rs 25000 and draws two bills of exchange on him the first for rs 15000 fir 2months and the security for the balance forward 3months .y accepts and return these bills to X .both the bills are sent to bank for collection.in due course X received the information from the bank the the bills for rs 15000has been duly met and the other bill has been dishonoured.nothing charges paid journal entries in the book of X and y

Answer 1

Answer:

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