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Bills of exchange

James owes Don Rs.3200;he send Dons own acceptance in favour of Ralph for Rs.3160;in full settlement. How to understand this and what would be the journal entry in the books of Don?


S.P. RAYAN

S.P. RAYAN

CA Inter

3K+

24-Nov-20 17:43

18

Answers (3)

Best Answer

May be you understand.

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Abhishek Verma

Abhishek Verma

CA Foundation

3K+

25-Nov-20 09:16

May be you understand.

Thank you Abishek.I understood it


S.P. RAYAN

S.P. RAYAN

CA Inter

3K+

25-Nov-20 10:07

Welcome brother


Abhishek Verma

Abhishek Verma

CA Foundation

3K+

25-Nov-20 11:18