1.

On 1st July, 2014 Anuj draws a bill on Renu for ₹10,000 payable after 3 months for goods soldof the same amount. Anuj gets the bill discounted with his bank on 4th August. 2014 at adiscount of 9% p.a. On the due date Bank returned the bill as dishonoured with noting chargesof ₹50. Renu paid ₹2,050 in cash and requested to draw another bill on him for the balanceamount for 2 months with interest at the rate of 12% p.a. which Anuj did. The bill was met ondue date. Give journal entries in the books of Anuj Only.​

Answer»

EXPLANATION:

PLEASE FOLLOW me please



Discussion

No Comment Found

Related InterviewSolutions