On 1st January , 2019 A draws a bill in B for ? 1,000 payable after 3 months. Immediately
Channel: Doubtnut
Date: 2020-03-29

On 1st January , 2019 A draws a bill in B for ? 1,000 payable after 3 months. Immediately after its acceptance, A sends the bill to his bank for collection. On the due date, the bill was dishonourd . Record the transactions in the Journals of A and B.