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X sells goods for ₹ 40,000 to Y on 1st J...

X sells goods for ₹ 40,000 to Y on 1st January , 2019 and on the same day draws a bill on Y at three months for the amount. Y acceopts it and returns it to X, who discounted it on 4th January , 2019 with his bank at 6%p.a.. The accepteance is dishonoured on the due date and the noting charges were paid by bank being ₹ 200.
On 4th April 2019, Y accepts a new bill at three months for the amount then due to X togther with interset at 12% p.a.
Make Journal to record these transcations in the books of X.

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TS GREWAL-ACCOUNTING FOR BILLS OF EXCHANGE-Practical Problems
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  6. X sells goods for ₹ 40,000 to Y on 1st January , 2019 and on the same ...

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

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

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

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