Question - 13
On 1st Sep., 2000 Anil Purchased goods for Rs. 10,000 from sunil on 4th Sep., Anil gave his acceptance on 3 months bill written by sunil what jounal entries will be made in the books of sunil in the following circumstances :
- If he retained the bill till maturity date and received teh payment.
- If he discounted the bill from bank @ 5% p.a. on 7th Oct.,2000
- If he endored the bill to his creditor shri Durga prasad.
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