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On 1st , 2019 A drew a bill for ₹ 5,0...

On 1st , 2019 A drew a bill for ₹ 5,000 on B payable after 3 months. A discounted it with the Bank for ₹ 4,850. on maturity , B failed to pay the amount of his acceptance and the bank had to pay ₹ 50 as noting charges.
Pass the necessary Journal entries in the books of A and B.

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TS GREWAL-ACCOUNTING FOR BILLS OF EXCHANGE-Practical Problems
  1. On 20th Marchm 2019, Naresh sold goods, to Kailash to the value of ₹ 1...

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  2. On 1st march , 2019 Naresh sold goods to Y for ₹ 25,000 and immediatel...

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  3. On 1st , 2019 A drew a bill for ₹ 5,000 on B payable after 3 month...

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  4. On 15th June , 2019 Mohan sold goods to Sohan valued at ₹ 2,000. He dr...

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  5. On 1st March , 2019 R accepted a Bill of Exchange of ₹ 20,000 from S ...

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  6. On 1st January , 2019 A drew a bill on B for ₹ 10,000 payable after 3...

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  7. Y owes X ₹ 4,000 on 1st January 2019 Y accepts a 3 months bill for ₹ 3...

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  8. On 1st January , 2019 A draws a bill in B for ₹ 1,000 payable after 3 ...

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  9. A bill for ₹ 1,000 is drawn by A and B and accepted by the latter paya...

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  10. On 1st January, 2019 for goods sold, Ramesh drew a Bill of Exchange on...

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  11. A purchases goods worth ₹ 6,200 from B and gives him his acceptance fo...

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  12. X sells goods for ₹ 40,000 to Y on 1st January , 2019 and on the same ...

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  13. Ram owes ₹ 2,000 to Mohan on 1st January 2019 on this date, he accepte...

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  14. On 15th June , 2019 X sold to Y goods to the value of ₹ 15,000 drawing...

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  15. X draws a bill on Y for ₹ 2,000 on 1st January , 2019 Y accepts the ...

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  16. On 1st june 2019, A sold goods at B for ₹250. B gave to A his acceptan...

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  17. A sold goods to B 1st september , 2018 for ₹ 16,000. B immediately acc...

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  18. On 1st May,2019 Merchant & Co sold goods to AB & Co. Valued at ₹ 500 a...

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  19. A owed B ₹ 400. A accepted a Bill of Exchange at 3 months for this amo...

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  20. Amar sells goods to Bhola for ₹ 10,000 and draws upon him a bill for t...

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