Anil sold goods to Mukesh for rupees 20000 taking a bill of exchange at 3 months dated 1st August 2006 on 4th October 2006 and I got the bill discounted at 6% per annum with his bankers at maturity the bill was returned by the banker's Dishonored with Rs 50 as noting charges Mukesh paid 10000 and expenses immediately and accepted another bill at 3 months from the balance amount and interest at 6% per annum but before maturity bouquets becomes insolvent and ultimate leap 86 60 paise in a Rupee past general entries in the books of Anil