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Vishal sold goods for Rs. 7,000 to Manju on 5th January, 2016 and drew upon her bills of exchange payable after 2 months. Manju accepted Vishal's draft and handed over the same to Vishal after acceptance. Vishal immediately discounted the bill with his bank 12 per annum. On the due date, Manju met her acceptance. Journalise the above transactions in the books of Vishal and Manju. |
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Answer» Vishal sold goods for Rs. 7,000 to Manju on 5th January, 2016 and drew upon her bills of exchange payable after 2 months. Manju accepted Vishal's draft and handed over the same to Vishal after acceptance. Vishal immediately discounted the bill with his bank 12 per annum. On the due date, Manju met her acceptance. Journalise the above transactions in the books of Vishal and Manju. |
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