While filing response sheet , i cant solve this ... plz help
Q Anand sold goods of the value of Rs 8,000 to Shankar, taking a bill of 6 months therefore. Anand discounted the bill at 12% p.a. with the bank. On maturity the bill was returned dishonored with Rs 100 as noting charges. Shankar paid Rs 2,000 plus noting charges and accepted another bill at three months at Rs 6,000 plus 12% interest thereof. But before maturity, he had become bankrupt and ultimately paid to his creditors 60 paisa in the rupee.
Pass JOURNAL entries in books of ANAND
Regards
RAHUL
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