Endorsement of a bill;- a drew a bill of 1000 on b for3 months which was duly accepted by the - Accountancy - Bills of Exchange

Question

Endorsement of a bill;- a drew a bill of 1000 on b for3 months
which was duly accepted by the letter a endorsed the bill to c in
full payment of his own acceptenceto c for a like amount c endorsed
the bill to b pass the journal entries in the book of a, b, c

Sonu Kumar · Answer

IN THE BOOKS OF A
B/r dr 1000
to b 1000
b/r dr 1000
to c 1000
in the books of drowee b
b/p dr 1000
to a 1000
b/r dr 1000
to c 1000
in the books of endorjee c
b/r dr 1000
to b 1000

Endorsement of a bill;- a drew a bill of 1000 on b for3 months which was duly accepted by the letter. a endorsed the bill to c in full payment of his own acceptenceto c for a like amount. c endorsed the bill to b. pass the journal entries in the book of a, b, c.