X draws on Y a bill for Rs. 4,000 which was duly accepted by Y. Y meets the bill on its due date. Show what entries would be passed in the books of X under each of the following circumstances:
(a) If X retains the bill till due date.
(b) If X discounts the same with his banker paying Rs. 100 for discount.
(c) If X endorses the same to his creditor Z in full settlement of his debt of Rs 4,080.
(d) If X sends the bill to his banker for collection the next day.
