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On January 1, 2011, Bhanu and Naman drew on each other a bill for Rs.8,000 payable 3 months after the due date for their Mutual Benefit. On January 2, they discounted with their bank each other's bill at 5% per annum. On the due date, each met his own's acceptance.

Give Journal entry in the books of Bhanu and Naman.


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