Solve question number 5 and dont send any links

Solve question number 5 and dont send any links 5. On 12th February, 2008, X sold goods worth to Y. On February. 2008. X drew three bills of exchange worth 0.000, 0000 and C 1,000 payable after 3 months, 2 months and Imonth respectively. Y accepted all the bills and returned them to X immediately. X discounted the first bill on 15th March, 2008 @ 10% p.a. with his bank. He endorsed the second bill to Z on 18th March, 2008. He retained the third bill till maturity. Y met the third bill on the due date but dis the first and the second bills. Noting charges amounting to 2S for each of the" two bills were incurred and a new bill is drawn for total amount including notin charges on 20th May, 2015. Pass the necessary Journal entries in the books of X. 4074k -Y



Dear Student,

Please find the solution to your question in the following images:




Regards

  • 0
Following is the answer of the given question.
  • 0
What are you looking for?