pls give the answer
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Answered by
1
Answer:
1)a) 13 April 2021
b) 24 march 2021
2 )a) bank a/c Dr.
discounting charges a/c Dr
to bill receivable a/c
(bill discounted )
B). drawee a/c Dr.
to bill receivable a/c
to cash a/c
( bill dishonoured and noting charge paid)
Answered by
11
Answer:
Explanation:
1.a) Drawn date : 10 - 01 - 2021
Due date = 3 months + 3 grace days
Due on 13 - 04 - 2021
b) Drawn date = 20 - 12 - 2021
Due date = 2 month + 3 grace days
Due date = 23 - 02 - 2022
-------------------------------------------------
2.a)
Bank a/c dr.
Discount a/c dr.
To Bills receivable a/c cr.
(bill discounted with bank)
b)
Drawer a/c dr.
To Bank a/c cr.
(noting charge paid by
drawer)
-------------------------------------------------
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