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CBSE Class 11-commerce Answered

11. A sold goods to B for Rs.4,000 and drew a bill for the amount due. B after giving his acceptance returned the bill to A. A discounted it form his bank for Rs.3,900. On due date, bill returned dishonoured and bank paid Rs.50 as noting charges. After one week B paid the full amount of the bill including the noting charges. Give journal entries in the books of A only.
Asked by pdas93679 | 23 Jun, 2020, 08:22: AM
answered-by-expert Expert Answer
Complete solutions along with the detailed workings for all similar questions on Accounting for Bills of Exchange are provided on our website under Text Book Solutions.
 
Also, detailed study material for all the related concepts are provided under the chapter Accounting for Bills of Exchange.
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