On 01/04/2017, Prakash drew a Bill on Suresh for Rs. 50,000 payable after 3 months. Suresh accepted the Bill and returned it to Prakash. On the same date, Prakash endorsed the Bill to Ramesh: on the above date, the Bill is discounted by Ramesh @12% pa. On the due date the Bill is honoured. Pass the Journal Entries in the books of Prakash, Suresh, and Ramesh.
