Question

St
1) vijay draws a bill for 4000 on Anand on ist
May 1976 for there three month this was
for the amount which Anand owned vijay
Anand accepts the same El returns is to
who discounted at his bank for 7 3,000,on
1st Avqust 1976
Anand requested vijay to
renew the bill & vijay agreed on the
condition that R9, 1000 be paid immediately and
Anand should accept the new bill for three
months for the balance plus interest of Rs. 45
has these arrange were carried through
flowever
on I
ist october 1976 Anand retired his
accepteance for F 3,035
Give journal Entries in the books of vijay
and vijay's AIC Pn the ledger of Anand
(Mar 1977)
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Answer 1

Answer:

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