Q18) Journalise the following transactions in the books of
Bhaskar:
Acceptor
a) Suresh informed Bhaskar that Nishad's acceptance for
32,500 endorsed to Sureshhas been dishonoured and noting
charges amounted to 25.
b) Rajesh renews his acceptance to Bhaskar for $7,500 by
paying $2,500 in cash and accepting a fresh bill for the
balance plus interest @10% p.a. for three months.
c) Mandar retired his acceptance to Bhaskar for 33,800 by
paying 3,750 in cash.
d) Bhaskar sent a bill of Dayaram for 35,000 to the bank for
collection. But the bank informed that the bill has been
dishonoured by Dayaram.
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