Question

Praveen sold goods to Sudesh worth ₹10,000, on Jan 1, 2014 and
drew three bills of exchange for 5,000, * 3,000 and 2,000
payable after one month 2 months and three months respectively,
The first bill was endorsed to his creditor Narendra, the second bill
was discounted with bank on 4th January, 2014 @ 12% p.a and the
third bill was sent to the bank for collection. On the due dates all the bills were duly met by sudesh.pass journal entries in the books of praveen and sudesh​

Answer 1

Answer:

Substitution reaction, any of a class of chemical reactions in which an atom, ion, or group of atoms or ions in a molecule is replaced by another atom, ion, or group.

Explanation: