Amit sold goods for rupees 7000 to Sumit on January 5 2016 and drew upon him a bill of exchange payable after 2 months. Amit immediately discounted the bill with his bank at the rate 12% per annum on the due date Sumit met his acceptance. Journalise the above transaction in the book of Amit.​

Answers 2

Answer:

Accountancy Dk Goel 2019 Solutions for Class 11 Commerce Accountancy Chapter 11 Bills Of Exchange are provided here with simple step-by-step explanations. These solutions for Bills Of Exchange are extremely popular among Class 11 Commerce students for Accountancy Bills Of Exchange Solutions come handy for quickly completing your homework and preparing for exams.

Answer:

840rupees discounted on goods

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