On January 1, 2011, Harsh accepted a month bill for Rs. 10, 000 drawn on him...
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On January 1, 2011, Harsh accepted a month bill for Rs. 10, 000 drawn on him by tanu for latter's benefit. Tanu discounted the bill on same day at the rate of 8% per annum. On the due date Tanu sent a cheque to Harsh for honour the bill. Harsh duly honoured his acceptance. Record the Journal entries in the books of Tanu and Harsh. On January 1, 2011, Harsh accepted a month bill for Rs. 10, 000 drawn on him by tanu for latter's benefit. Tanu discounted the bill on same day at the rate of 8% per annum. On the due date Tanu sent a cheque to Harsh for honour the bill. Harsh duly honoured his acceptance. Record the Journal entries in the books of Tanu and Harsh.
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In the Books of Tanu Journal Entries Date Particulars LF AmtDr AmtCr Jan ... View the full answer
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date:
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