Ritesh and Naina were in need of funds temporarily.On August 01,2015,Ritesh drew upon naina a bill forRs.12000 for 4 months .naina accepted the bill and returned to ritesh .ritesh discounted the bill @8%p.a. from bank .half amount of the discounted bill remitted to naina .On due date ,Ritesh sent the required sum to naina ,who met the bill .journalise the transaction in the books of both the parties.