Dinesh received from Shridhar an acceptance for ₹ 3,000 on 1st September, 2018 at 3 months. Dinesh got the acceptance discounted at 9% p.a. from his bank . On the due date, Shridhar paid the required amount.
Give the Journal entries in the books of Dinesh and Shridhar.

Prakash received from Mohan an acceptance for ₹ 30,000 on 1st july, 2019 at 3 months. Prakash got this acceptance discounted @ 12% p.a. at his bank. On the due date, Mohan paid the required amount. Give the journal entries in the books of Prakash and Mohan (Ignore GST).

Rakesh draws a bill on Bhavesh for ₹ 20,000 on 4th september, 2018 payable after 4 months. Rakesh discounts the bill with the bank @ 12% p.a on 7 th October. The bill is dishonoured on the due date. Pass the necessary Journal entries in the books of Rakesh and Bhavesh if the bank ₹ 300 as noting charges ( Ignore GST)

Dev owes ₹ 10,000 to Krishan. On 1st May, 2019 he sent his promissory Note for the amount payable, after 3 months. On 1st june , 2019, Krishan endorses the promissory Note is favour of Wahid to whom he owed the like amount. On the due date, Dev paid the amount. pass the journal entries in the books of Krishan , Dev and Wahid.

On 1st January , 2019 A draws a bill in B for ₹ 1,000 payable after 3 months. Immediately after its acceptance, A sends the bill to his bank for collection. On the due date, the bill was dishonourd . Record the transactions in the Journals of A and B.

On 1st April 2019 , Ram sold goods to Mohan for ₹ 50,000 . On the same date, Mohan accepted a bill drawn upon him by Ram at 3 months for ₹ 50,000. on the due date, the bill was met. Give the journal entries in the books of both the parties (Ignore GST).

On 1st January, 2019 for goods sold, Ramesh drew a Bill of Exchange on Mahesh for ₹ 4,000 for a period of 3 months. Mahesh accepts it and returns to Ramehs then endorses it to Mukesh who in turn endorses it to Suresh on 1st February, 2019, the bill is then discounted by suresh on the same date with his bank at @ 5% p.a. on the due date the bill is dishonoured. Pass the necessarty Journal entries in the books of all four parties.

A sells goods of ₹ 10,000 on 1st March, 2019 to B on credit. B accepts a bill on the same date for the amount payable three months after date. A discounts the bill at 6% p.a. from bank on 4th April.On maturity, the bill is met by B. Pass the necessary Journal entries in the books of both the parties.

On 1st March , 2019 R accepted a Bill of Exchange of ₹ 20,000 from S payable 3 months after date in full settlument of his dues. On the same day S endorese the Bill of Exchange to T together with a Cheque for ₹ 5,000 insttlement of his debt to the latter. on 2nd March , 2019. T discounted the Bill of Exchange @6% p.a. with his bank. on maturity the Bill of Exchange was dishonoured Journalise the transactions in the books of R and T.

Mohan singh draws a bill on Jagat for ₹ 1,000 payable 2 month s after date. Immediately after its acceptance, Mohan Singh sends to his the bill to his bank for collection. On due date, bank gets the payment. Make the entries in the books of all the parties.

Asha sold goods worth Rs 19,000 to Nisha on March 02, 2017. Rs 4,000 were paid by Nisha immediately and for the balance she accepted a bill of exchange drawn upon her by Asha payable after three months. Asha discounted the bill immediately with her bank. On the due date Nisha dishonoured the bill and the bank paid Rs 30 as noting charges. Record the necessary journal entries in the books of Asha and Nisha.