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Home /Doubts and Solutions/CBSE/Class 11 Commerce/Accountancy Part I/Bills Of Exchange/Other Accounting Treatments Of Bills Of Exchange

Other Accounting Treatments Of Bills Of Exchange Free Doubts and Solutions

CBSE - XI Commerce - Accountancy Part I - Bills of Exchange

On 1st March, 2015 Anil sold goods to Viren for Rs.25,000 and drew upon him a bill for 3 months. Viren accepted the bill and returned it to Anil. On 4th May, 2015 Viren retired the bill under rebate of 8% p.a. Record the transactions in the journal of Anil and Viren.

Asked by Topperlearning User 16th August 2016, 2:23 PM
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