P sold goods to Q for ₹50,000 on 23rd November, 2020, received ₹ 10,000 in cash and on the same day drew a bill on Q for ₹ 40,000 payable after 2 months accepted it and returned it to P. P discounted the bill on 24th November, 2020 with his bank @ 12% p.a. The acceptance was dishonoured on the due date and the noting charges of 200 were paid by the bank. Record journal entries in the books of P and Q.
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Double Entry Book Keeping Ts Grewal 2019 Solutions for Class 11 Commerce Accountancy Chapter 12 Accounting For Bills Of Exchange are provided here with simple step-by-step explanations. These solutions for Accounting For Bills Of Exchange are extremely popular among Class 11 Commerce students for Accountancy Accounting For Bills Of Exchange Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Double Entry
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