A) Gopal’s acceptance of Rs.12,000 in favour of Kishan was endorsed

1.	A) Gopal’s acceptance of Rs.12,000 in favour of Kishan was endorsed to Murlidhar in full settlement of Rs.12,500 is now dishonoured. Noting Charges Rs.150 paid by Murlidhar.Pass Necessary Journal Entries in the books of Kishan and Murlidhar for dishonour of bill.b) Ravi’s draft on Bhaskar for Rs.15,000 was discounted from the bank at Rs.14,500. The bill got dishonoured on the due date and noting charges amounted to Rs.500 paid by bank.Pass Journal Entries in the books of Ravi and Bhaskar.c) On 30th June, 2020 Shiv wrote a bill of Rs.18,000 on Shankar for 60 days. Shiv sent this bill to his bank for collection. On the due date bill was dishonoured and noting charges Rs.200 paid by Shiv. On 10th October, 2020 Shankar declared insolvent and only 60 paisa in a rupee could be recovered from his estate.Pass Journal Entries in the books of both the parties.
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A) Gopal’s acceptance of Rs.12,000 in favour of Kishan was endorsed to Murlidhar in full settlement of Rs.12,500 is now dishonoured. Noting Charges Rs.150 paid by Murlidhar.Pass Necessary Journal Entries in the books of Kishan and Murlidhar for dishonour of bill.b) Ravi’s draft on Bhaskar for Rs.15,000 was discounted from the bank at Rs.14,500. The bill got dishonoured on the due date and noting charges amounted to Rs.500 paid by bank.Pass Journal Entries in the books of Ravi and Bhaskar.c) On 30th June, 2020 Shiv wrote a bill of Rs.18,000 on Shankar for 60 days. Shiv sent this bill to his bank for collection. On the due date bill was dishonoured and noting charges Rs.200 paid by Shiv. On 10th October, 2020 Shankar declared insolvent and only 60 paisa in a rupee could be recovered from his estate.Pass Journal Entries in the books of both the parties.

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