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-Discounted bill of exchange By discount bill throughout bank of drawer The entry Dr. discount expense (charge exp) Dr. bank Cr. Bill receivable Example On
-Discounted bill of exchange By discount bill throughout bank of drawer The entry Dr. discount expense (charge exp) Dr. bank Cr. Bill receivable Example On April, 1,2021 Adnan company Discounted bill of exchange (bill receivable) in his bank the information for bill as the following Bill amount (bill face value)$10000 Maturity date 1/11/2021 Charge expense on discount $500 By discount bill throughout bank of drawer Example On the date of maturity of bill # 113 April, 1,2021 the drawee of bill is dishonoured to pay the amount of bill to drawer. The drawer paid JDs 200 cash as protesting Bill number 113 Bill amount (bill face value)$10000 Maturity date 1/11/2021 Instruction:-record require entry -Discounted bill of exchange By discount bill throughout bank of drawer The entry Dr. discount expense (charge exp) Dr. bank Cr. Bill receivable Example On April, 1,2021 Adnan company Discounted bill of exchange (bill receivable) in his bank the information for bill as the following Bill amount (bill face value)$10000 Maturity date 1/11/2021 Charge expense on discount $500 By discount bill throughout bank of drawer Example On the date of maturity of bill # 113 April, 1,2021 the drawee of bill is dishonoured to pay the amount of bill to drawer. The drawer paid JDs 200 cash as protesting Bill number 113 Bill amount (bill face value)$10000 Maturity date 1/11/2021 Instruction:-record require entry
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