Question

Rohan and Rohit were both in need to temporary accommodation. On November 01, 2015,
Rohan accepted Rohit draft for Rs. 5,000 for 3 months and Rohit accepted Rohan draft for
Rs. 4,000 for 3 months. The both bills were discounted at the respected banks for Rs 4,800
and Rs. 3,850. Before maturity of the bill Rohit sent Rs. 1,000 to Rohan for difference in
accommodation bill. Rohan and Rohit met his acceptance on the due date. Records the
transaction in the journal of Rohan and Rohit.​

Answer 1

Answer:

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