On 15th June, 2017, Mohan sold goods to Sohan valued at ₹ 2,000. He drew a bill at 3 months for the amount and discounted the same with his bankers at ₹ 1,960. On the due date the bill was dishonoured and Mohan paid to the bank the amount due plus the noting charges of ₹ 10. Draft the Journal entries in the books of all parties.

On 15th June, 2017, Mohan sold goods to Sohan valued at ₹ 2,000. He

1.	On 15th June, 2017, Mohan sold goods to Sohan valued at ₹ 2,000. He drew a bill at 3 months for the amount and discounted the same with his bankers at ₹ 1,960. On the due date the bill was dishonoured and Mohan paid to the bank the amount due plus the noting charges of ₹ 10. Draft the Journal entries in the books of all parties.
Answer» On 15th June, 2017, Mohan SOLD goods to Sohan valued at ₹ 2,000. He DREW a bill at 3 months for the amount and discounted the same with his bankers at ₹ 1,960. On the due DATE the bill was dishonoured and Mohan PAID to the bank the amount due plus the noting charges of ₹ 10.Draft the Journal entries in the books of all parties.

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