Experts plzz solve 23rd fast mg a hil
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Also, give the necessary entries m each ot tne cases 11
. On 1st January, 2013 for goods sold, Ramesh drew a Bill of Exchange on Mahesh for
4,000, for a period of 3 months. Mahesh accepts it and returns to Ramesh. Ramesh then
endorses it to Mukesh who in turn endorses it to Suresh on 1st February, 2013. The bill is
then discounted by Suresh on the same date with his banker at 5% p.a. On the due date the
bill is dishonoured.
ass the necessary Journal entries in the books of all the four parties.
3. Bill Receivable for 100, which has been discounted at 95, is dishonoured and the bank
paid 2 as noting charges.
Give the Journal entries t? record the above in the books of (E) the Drawer, (ii)Ye Drawee,
('nd (iii) the bank. A"
. A)purchases goods worth 6,200 from B and gives him his acceptance for 6,000 in full
