Accountancy, asked by Achuz123, 5 months ago

(Or)
b) On 14 April 2005, Ajay accepted a two months bills for rs 20000 drawn on him by Athul for the
latter's benefit. Athul discounted the bill on 4 may @12% per annum and on the due date sent Ajay a
cheque for Rs 20000 in order to enable him to honor the bill. Athul duly honoured his acceptance. Pass
journal entries in the books of Athul and Ajay.

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Answered by pk364065

3

Answer:

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