Question

Riddhi accepted a bill of rs. 2000 drawn by siddhi at 3 months, siddhi got the bill discounted with her bank for 1900. before the due date Riddhi approached siddhi for renewal of the bill.siddhi agreed on the condition that rs 1000 be paid immediately together with interest on the remaining amount at 6% p.a for 3 months and for the balance, Riddhi should accept a new bill for 3 months. these arrangements were carried through,but afterwards Riddhi become insolvent and only 40% of amount could be recovered from her estate..
give general entry in the books of riddhi and siddhi .


please answer this question as soon as possible ​

Answer 1

Answer:

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