Question

PROBLEM NO.31
On 1st March, Zuber sold goods to Imran worth 8,000 and Imran accepted the bill for
18,000 at 3 months drawn by Zuber. A month after Zuber discounted the bill with his bank at
6% p.a. On due date, the bill was dishonoured and Imran requested Zuber to accept 4,000
immediately and draw upon him a new bill for the remaining amount at 3 months together
with interest at 10% p.a. Zuber agreed. The second bill was duly honoured,
Give journal entries in the books of Zuber and Imran.​

Answer 1

Answer:

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Explanation:

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