Narayanan purchased goods for ₹ 1,25,000 from Ravindran on Feb. 01, 2016. Ravindran
drew upon Narayanan a bill of exchange for the same amount payable after 30 days. (2016
was a leap year). On the due date Narayanan dishonoured his acceptance and the holder of
the bill had paid ₹ 500 towards noting charges.
Record the necessary journal entries in the books of Ravindran and Narayanan in following
cases:
When the bill was sent by Ravindran to his bank for collection a few days before its
maturity.
Pls anwer the blanks 47,48,49,50