On January 1st 2020, Aditya sold goods to Ashok for * 6,000 and on the same...

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On January 1st 2020, Aditya sold goods to Ashok for * 6,000 and on the same day drew upon him two bills of exchange for 4,000 and 2,000 for 2 months and 3 months respectively. The first bill was endorsed by Aditya on the same day to his creditor (Amitabh) to settle this account of * 4,100. The second bill was discounted at 12% p.a. with bank on Feb. 1, 2020. On the due date, the first bill met on maturity and the second bill was dishonoured on its due date and noting charge 100 paid by bank. Pass necessary Journal entries in the books of Drawer and Drawee of bill. [8] On January 1st 2020, Aditya sold goods to Ashok for * 6,000 and on the same day drew upon him two bills of exchange for 4,000 and 2,000 for 2 months and 3 months respectively. The first bill was endorsed by Aditya on the same day to his creditor (Amitabh) to settle this account of * 4,100. The second bill was discounted at 12% p.a. with bank on Feb. 1, 2020. On the due date, the first bill met on maturity and the second bill was dishonoured on its due date and noting charge 100 paid by bank. Pass necessary Journal entries in the books of Drawer and Drawee of bill. [8]

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Solution Date Jan1 Jan 1 Jan 1 Page No Date Aditiyas Jourma... View the full answer