The journal entries in the books of Raj and Pal will be recorded as follows:

The journal entries in the books of Raj and Pal will be recorded as follows: Book of Raj Amount Amount Apr. Bills Receivable A/c To Pal’s A/c (Received Pal’s acceptance) Apr. Bank A/c , Discount A/c To Bills Receivables A/c (Discount Pal acceptance) Jul. Pal’s A/c , (Remittance to Pal for paying off accommodation bill) Books of Pal Apr. Raj’s A/c To Bill Payable A/c (Acceptance of accommodation bill drawn by Raj) Jul. To Raj’s A/c (Received Raj’s remittance) Jul. Bill Payable A/c (Discharge of accommodation)