Sarthaks Test
0 votes
in Accounts by (64.1k points)

Y owes X Rs.4,000. On 1st January, 2015, Y accepts a 3 months bill for Rs.3,900 in satisfaction of his full claim. On the same date, it was endorsed by X to Z in satisfaction of his claim of Rs.3,980. The bill is dishonoured on the due date. Give the Journal entries in the books of X.

1 Answer

0 votes
by (106k points)
selected by
Best answer

Book of X Journal

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.