Q.7. On 1st July, 2018 G drew a bill for Rs. 80,000 for 3 months on H for mutual accommodation.
He accepted the bill of exchange.
G had purchased goods worth Rs. 81,000 from I on the same date, G endorsed H's
acceptance to J in full settlement.
On 1st September, 2018 I purchased goods worth Rs. 90,000 from H. J endorsed the bill of
exchange received from G to H and paid Rs. 9,000 in full settlement of the amount due to H.
On 1st October, 2018 H purchased goods worth Rs. 1,00,000 front G. He paid the amount
due to G by cheque.
Give the necessary Journal Entries in the books o H.
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simple maths do it at ur
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