Question

what are journal entry. 1.Bill drawn on Z and accepted by him 20,000
2.Bill received from Z is discounted with the bank for
19,000​

Answer 1

Answer:

1.) Bills receivable A/c Dr. :- 20000

To Z A/c :- 20000

(Being bill was drawn and accepted)

2.) Bank A/c Dr. :- 19000

Discount A/c Dr. :- 1000

To Bills receivable A/c :- 20000

( Being bill discounted with the bank)

Answer 2

Answer:

Explanation:

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