Question

x sold goods to y for Rs. 12,000 and draw the bills 3 months. The bill was accepted. Assuming the bill was dishonoured on the due date how do you write journal entries in the books of x and y in the following cases:

1.x kept the bill with himself
2.He kept the bill with the bank for rs. 11,500
3.The bill was endorses to credit rao and co
4.The bill was sent to bank for collection​

Answer 1

Answer:

keep in the graph and answers that the reader can