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.

Anupam draws a bill on Bhanu for ₹ 20,000 on 10th January m 2019 for three months. Bhanu accepts the bill on 11th janunry, 2019 and returns the same to Anupam anupam endorsed the bill to Chaman endorsed it to Dewan on the same date . Dewan discounted the bill with hus bank @ 12% p.a. on 14th February. on the due date , the bill is dishonoured and noting charges paid by bank were ₹ 600. pass the necessary journal entries in the bools of all the parties ( except bank) assuming that the bill is taken up and paid by Anupam to Dewan's bank on dishonour.

On 1st January, 2019, Amrit sold goods to Bhanu for ₹ 50,000 and on the same day drew upon him a bill at 3 months fot he amount. Bhanu accepted the bill and returned it to Amrit. On 4th January , 2019 Amrit discounted the bill with his bank at ₹ 49,000. on the due date, the bill was dishonoued and bank paid ₹ 1,000 as noting chares. Pass the neccessary Journal entries in the books of Amrit and Bhanu.

On 15th June , 2019 Mohan sold goods to Sohan valued at ₹ 2,000. He drew a bill at 3 months for the amount and discounted the same with his bank for ₹ 1,960 . On the due date the bill was dishonoured and Mohan paid to the amount due plus the noting charges of ₹ 10. Pass the necessary Journal entries in the book of all 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.

Mohan owes Shynam ₹ 6,000. Mohan accepts a three months bill for ₹ 5,900 being in full settlement of the claim on 1st January 2019. on its due the bill is dishonoured settlement of the claim on 1st 2019. On its due date the bill is dishonoured Noting charges are paid by Shyam ₹150. give the journal entries in the books of Mohan.

On 1st January, 2019, A drew a bill on B for ₹ 5, 000 payable after 3 months. B accepted the bill and returned it to A. after 10days A endorsed the bill to his creditor C. On the due date the bill was dishonoured and C pair ₹100 as noting charges. Record the transactions in the Jornals of A, B and C.

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.

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).