ARJUN sold goods worth Rs.800000 to VARDHAN on 1st February 2020 on
three months credit; a bill of exchange was drawn and accepted. The bill was
honoured by the drawee on the date of maturity. Pass the necessary journal
entries in the books of drawer and drawee if: [6]
*the bill is retained till the date of maturity
*the bill is discounted with bank @ 10% p.a.
*the bill is endorsed to his creditor Suhas
*the bill is sent for collection to bank

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