Wap Problem 16
Randeep draws a bill on Shekhar for 36,000 on December 1, 2018 for 3 months which
duly accepted and returned by Shekhar.
Pass journal entries in the books of Randeep and Shekhar in each of the following cas
assuming that the bill is dishonoured at maturity :
(i) Randeep retains the bill at maturity,
(ii) Randeep discounts the bill from bank for 5,800.
(iii) Randeep endorses the bill in favour of Salman.
(iv) Randeep sends the bill to the bank for collection.
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