Experts plzz solve this ques is dishonoured ana tne Bank paid ? 20 as noting charges.
pass entries in the books of drawer and drawee.
Journalise the following in the books of X:
ror t",
rs acceptance for which was discounted by X from the bank has been
dishonoured, noting charges paid by bank being 100.
Dishonour of the Endorsed Bill
Q. 21. On 10th April, 201 1, Ravi accepted a bill for two months for 00,000
drawn on him by Mohan. Mohan endorsed the bill to Rakesh. The bill was dishonoured
on the due date. Rakesh had to spend 100 as noting charges.
Immediately after the dishonour, Mohan accepted a new bill drawn by Rakesh, in
which QOO for interest were also included. After 20 days of the dishonour of the bill,
Ravi paid full amount to Mohan including e5() as interest. Show Journal entries in the
2013)
books of Ravi, Mohan and Rakesh.
Hint :—Amount paid by Ravi 00,150.
Q. 22. On March 4, 2017, A purchased from B goods for UO,OOO. A paid 40%
Immediately and for the balance gave a promissory note to B payable after 30 days. B
Immediately endorsed the promissory note in favour of his creditor C for the full
n the due date the bill was dishonoured and C paid
