Reshma accepted a bill of Rs6000 drawn by dinesh on 1st February 2009 dinesh got the bill discounted with his bank @10% pa on the same day. Before due date on 5th February reshma approach dinesh for renewal of bill Dinesh agreed on the condition that Rs 3000 be paid immediately together with interest on the remaining amount at 6%pa for 2 months and for the balance reshma should accept a new bill for 3 months. All things were done in proper way. But afterwards reshma becomes insolent on 10th march and only 40% of the amount could me removed from her estate. Give journal entires in the books of dinesh
Answers
Answer:
Rs6000 drawn by dinesh on 1st February 2009 dinesh got the bill discounted with his bank @10% pa on the same day. Before due date on 5th February reshma approach dinesh for renewal of bill Dinesh agreed on the condition that Rs 3000 be paid immediately together with interest on the remaining amount at Rs6000 drawn by dinesh on 1st February 2009 dinesh got the bill discounted with his bank @10% pa on the same day. Before due date on 5th February reshma approach dinesh for renewal of bill Dinesh agreed on the condition that Rs 3000 be paid immediately together with interest on the remaining amount at 6%pa for 2 months and for the balance reshma should accept a new bill for 3 months. All things were done in proper way. But afterwards reshma becomes insolent on 10th march and only 40% for 2 months and for the balance reshma should accept a new bill for 3 months. All things were done in proper way. But afterwards reshma becomes insolent on 10th march and only 40%