Question: 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

On January 1, 2011, Harsh accepted a month bill for Rs. 10,

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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