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Q18 Umar Purchased goods for Rs 15,000 from Hasheer on March 01,2020 and accepted a bill of exchange drawn by Hasheer for the same amount.

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Q18 Umar Purchased goods for Rs 15,000 from Hasheer on March 01,2020 and accepted a bill of exchange drawn by Hasheer for the same amount. The bill was payable after 60 days.On April 28. Hasheer sent the bill to his bank for collection. The bill was duly presented by the bank. Umar dishonoured the bill and the bank paid Rs 150 as noting charges. 6 Q18 Umar Purchased goods for Rs 15,000 from Hasheer on March 01,2020 and accepted a bill of exchange drawn by Hasheer for the same amount. The bill was payable after 60 days. On April 28. Hasheer sent the bill to his bank for collection. The bill was duly presented by the bank. Umar dishonoured the bill and the bank paid Rs 150 as noting charges. Record the necessary entries for the above transactions in the books of Umar and Hasheer

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