Accountancy, asked by samriddhisharma02122, 1 month ago

Sanchit owed Rs 8,000 to Suman on 1 May, 2018. On this date, Sanchit accepted the ball for the amount for 3 months. Suman got the bill discounted at his bank @ 12%.a. On due date, the bill was dishonored, noting charges Rs 50. Sanchit agreed to pay Rs 2,050 immediately and accept another bill for the remaining amount for 3 months together with interest BX p.a. On November 1, 2017, Sanchit becomes insolvent and a first and final dividend of 50 paise in the rupee was received from his private estate on 15" November 2017. Give Journal entries in the books of Sanchit and Suman hills of Exchangel

Answers

Answered by sharmakmmns

1

Answer:

197238

Explanation:

it is very easy question..

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