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On 28thFebruary 2017, A sold goods for 60,000 to Band drew upon him three bills of exchange : First for 10,000 payable after 30 days, second for 20,000 payable after 60 days and third for 30,000 payable 3 months. B accepted all the three bills. The first bill was retained by A till its maturity. The second bill was endorsed by A to his creditor C and the third bill was discounted by him immediately for 29,200. The first bill was dishonoured and noting charges amounted to ₹ 20. Second bill was honoured and the third bill was dishonoured and noting charges paid by bank ₹ 30. Journalise in the books of A and B. |
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Answer» Explanation: February on 28th = 60,000 Three bills exchange = 10,000 Third payable = 30,000 C discount = 29,200 Then second bill = ₹20 Change paid by bank ₹30 60,000 +10,000 + 20,000 +30,000 +29,200 +20 + 30 = 149,250 I hope it may HELP to you |
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