1.

Journalise the following in the books of Neelam: (i) Neelam acceptance to Dinesh for 2;000 renewed at 3 months together with interest 18% per annum. (ii) Ranjan requests Neelam to renew her acceptance. for 1,500 for two months. Neelam agrees to it provided interest. is paid to her 20% per annum in cash. (iii) Neelam's acceptance in favour of Guddi for 15,000 dishonoured and noting charges paid by Guddi 20, which was paid by cheque later on.

Answer»

Journalise the following in the books of Neelam:

(i) Neelam acceptance to Dinesh for 2;000 renewed at 3 months together with interest 18% per annum.

(ii) Ranjan requests Neelam to renew her acceptance. for 1,500 for two months. Neelam agrees to it provided interest. is paid to her 20% per annum in cash.

(iii) Neelam's acceptance in favour of Guddi for 15,000 dishonoured and noting charges paid by Guddi 20, which was paid by cheque later on.



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