Basu accepted a bill draws by nandu amounted to 4000 and payable after 4 month nandu discounted

Basu accepted a bill draws by nandu amounted to 4000 and payable after

1.	Basu accepted a bill draws by nandu amounted to 4000 and payable after 4 month nandu discounted
Answer» In the books of nandu...of discount will be Bank a/c dr Rebate charges a/c dr To bills receivable In the books of basu. Bills payable a/c dr To bank a/c