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Asha sold goods worth Rs. 19,000 to Nisha on 2nd March, 2016. Rs. 4,000 were paid by Nisha immediately and for the balance, she accepted the bills of exchange drawn upon her by Asha payable after 3 months. Asha discounted the bill immediately with her bank. On the due date, Nisha dishonoured the bill and the bank paid Rs. 30 as noting charges. Record the necessary journal entries in the books of Asha and Nisha. |
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Answer» Asha sold goods worth Rs. 19,000 to Nisha on 2nd March, 2016. Rs. 4,000 were paid by Nisha immediately and for the balance, she accepted the bills of exchange drawn upon her by Asha payable after 3 months. Asha discounted the bill immediately with her bank. On the due date, Nisha dishonoured the bill and the bank paid Rs. 30 as noting charges. Record the necessary journal entries in the books of Asha and Nisha. |
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