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Topic contra entry;
How to post cash withdrawn from bank for office work?
the journals to be passed?
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2 Answers Akzonobel, BEL, Chartered Accountant,
X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800
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