- TYPE - IONE DRAWER ONE DRAWEEPankaj draws a bill on Anil worth 8,000

- TYPE - IONE DRAWER ONE DRAWEEPankaj draws a bill on Anil worth 8,000 for three months which was accepted byAnil. On the same date, Pankaj discounted the bill with his bank 10% p.a.On due date, Anil dishonoured his acceptance, Anil paid 4,000 to Pankaj andaccepted a fresh bill for two months for the balance including interest of 40. Anilbecame insolvent, before the maturity of the bill and 50 paise in a rupee werereceived as first and final dividend from his estate.Pass necessary Journal Entries in the books of Pankaj.40,160/-; Bad Debts = 2,020/-ms: Pankaj's Journal Total =(March, 1987)

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40,160 is the right answers

pankuj journal total answer is 40,160

40,160pankaj draws total is the correct answer