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Question No 45 Chapter No 13 Additional Question 45. On 12-2-2018, X sold goods worth Rs 60,000 to Y. On 15-2-2015, X drew three bills of exchange worth Rs 30,000, Rs 20,000 and Rs 10,000 payable after three months, two Read More …
Question No 44 Chapter No 13 Additional Question 44. A owes B 40,000. On 1st April, 2018, he accepts a bill for Rs 38,000 for 3 months in full settlement. B immediately endorses the bill to his creditor C. On Read More …
Question No 42 Chapter No 13 Additional Question 42. Sumeet draws a bill of exchange of Manmeet for Rs 50,000 for three months on 1st January 2018 which is duly accepted by the latter. This was for the amount which Read More …
Question No 41 Chapter No 13 Additional Question 41. On 1st April, 2017, Rohit sold goods to Mahesh for Rs 10,000 and drew upon him a bill for the amount at 3 months. Mahesh accepted the bill. On 4th April, Read More …
Question No 40 Chapter No 13 Additional Question Q. 40. On 1st May, 2017, Kunal sold goods to Subhash invoiced at t60,000 and drew upon the latter two bills of exchange, one for 20,000 at two months and another for Read More …
Question No 39 Chapter No 13 Additional Question 39. Anil sold goods to Mukul for 20,000, taking a bill of exchange at three months, dated 1st August, 2016. On 4th October, 2016, Anil got the bill discounted at 6% p.a. Read More …
Question No 38 Chapter No 13 Additional Question Q. 38. A draws on B a bill of exchange for t 1,00,000 on January 1, payable after 3 months from January 1 which B accepted. On January 4, A discounted the Read More …
Question No 37 Chapter No 13 Additional Question Q. 37. On 1st Jul y, 2017 X sold goods to Y valued 40,000, taking therefore a bill at 3 months. On 1st August, 2017 X discounted this bill @ 15% p.a. Read More …
Question No 36 Chapter No 13 Additional Question Q. 36. Journalise the following transactions in our books:(a)Our acceptance to Karan for 4,500 renewed for 3 months on the condition that 2,500 is paid in cash immediately and a new bill Read More …
Question No 35 Chapter No 13 Additional Question Q. 35. (a) Journalise the following in the books of Hari.Sohan informs Hari that Mohan’ s acceptance for f 13,000, endorsed in favour of Sohan by Hari, has been dishonoured. Sohan agrees Read More …
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