Question

Pass Journal entries in the books
1 A owed B? 8,000. He gave a bill for the same on 1st August, 2019 payable after 4 months at the Bank of
India, Chandni Chowk, Delhi. Immediately after receiving the bill, B endorsed it to Cin payment of his debt.
On 1st September, 2019.C discounted the bill at 12% p.a. The bill is met on due date.
Pass necessary Journal entries in the books of A, B and C.
Raccepted draft for the amount. The draft was
fiii) Negotiation​

Answer 1

Answer:

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Explanation:

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