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On 1st July 2009 Drew a bill for rupees 5000 on be payable after 3 months . A discounted it with the bank for rupees 4850 on maturity date B felt to pay the amount of his acceptance and the Bank head to pay rupees 50 as noting charges?
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On 1st July 2009 Drew a bill for rupees 5000 on be payable after 3 mon...
A BOOKS OF ACCOUNT

JULY 1 B/R A/C. dr 5000
to B A/C. 5000

JULY 1 BANK A/C. dr. 4850
discount charge dr 150
to B/R. A/C. 5000

OCT 4. B. A/C dr. 5050
to BANK A/C. 5050

B BOOKS OF ACCOUNT

JULY 1 A A/C dr. 5000
TO B/P A/C. 5000

OCT 4 B/P A/C. dr. 5000
noting charge. dr. 50
to A. A/C. 5050
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On 1st July 2009 Drew a bill for rupees 5000 on be payable after 3 months . A discounted it with the bank for rupees 4850 on maturity date B felt to pay the amount of his acceptance and the Bank head to pay rupees 50 as noting charges?
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On 1st July 2009 Drew a bill for rupees 5000 on be payable after 3 months . A discounted it with the bank for rupees 4850 on maturity date B felt to pay the amount of his acceptance and the Bank head to pay rupees 50 as noting charges? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about On 1st July 2009 Drew a bill for rupees 5000 on be payable after 3 months . A discounted it with the bank for rupees 4850 on maturity date B felt to pay the amount of his acceptance and the Bank head to pay rupees 50 as noting charges? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1st July 2009 Drew a bill for rupees 5000 on be payable after 3 months . A discounted it with the bank for rupees 4850 on maturity date B felt to pay the amount of his acceptance and the Bank head to pay rupees 50 as noting charges?.
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