Chapter 23 Bills Of Exchange

A sold goods to B.

What is the double entry in Drawer's books?

Bill drawn by A was duly accepted by B.

What is the double entry in Drawer's books?

Bill accepted by B was met on maturity.

What is the double entry in Drawer's books?

Bill accepted by B was dishonoured on due date. A noting charges was paid by A.

What is the double entry in Drawer's books?

A discounted a bill (which was accepted by B) to bank, and incurred a charges.

What is the double entry in A's books?

Bill discounted one-month ago (which was accepted by B) was dishonoured on due date.

What is the double entry in Drawer's books?

A negotiated a Bill (which was accepted by B) for C.

What is the double entry in Drawer's books?

A negotiated a bill (which was accepted by B) to C one-month ago was dishonoured on due date.

What is the double entry in Drawer's books?

B accepted another new bill (which was drawn by A) of two months duration for the balance plus interest.

What is the double entry in Drawer's books?

B bought goods with A.

What is the double entry in Drawee's books?