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A owed B Rs. 400. A accepted a bill of exchange at three months date for this amount which B discounted for Rs. 380. Give
A owed B Rs. 400. A accepted a bill of exchange at three months date for this amount which B discounted for Rs. 380. Give necessary journal entries in the books of A and B if this bill is: (i) dishonoured on the due date: (ii) met at maturity: and (iii) retired under rebate at 6% per annum two months before its maturity.
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