Author: Shubham

Question No 34 Chapter No 13 Additional Question 34. Harpal sold goods to Sompal for 12,000. Sompal accepted three bills of exchange, the first for 5,000 at one month, the second for 4,000 at two months, and the third for Read More …

Question No 33 Chapter No 13 Additional Question 33. On 1st January 2018, Hari drew on Gopal, who is his debtor for Rs 60,000 three bills of exchange: First for Rs 15,000 at one month, Second for Rs 20,000 at Read More …

Question No 32 Chapter No 13 Additional Question 32. Pass the necessary journal entries in the following cases:If, before the due date of the bill for Rs 10,000 X the acceptor approached and pays Rs 4,000 in cash and asks Read More …

Question No 31 Chapter No 13 Insolvency of the Acceptor 31. Journalise the following transaction: Discharged our acceptance to Tulsi Brothers for Rs 25,000 by a cheque of Rs 10,000 and a new bill for the balance plus interest @15% Read More …

Question No 30 Chapter No 13 Insolvency of the Acceptor 30. Manohar few a bill of exchange on Pushkar, his debtors, for Rs 20,000 on 1st march 2017 for 3 months Pushkar acceptance the same and returned it to the Read More …

Question No 29 Chapter No 13 Insolvency of the Acceptor 29. On 15th January 2018, X sold goods to Y for Rs 50,000 charging IGST @ 12%. Y immediately paid Rs 6,000 in cash and acceptance two bills of equal Read More …

Question No 28 Chapter No 13 Insolvency of the Acceptor 28. On 1st February 2018, A sold goods to B for Rs 40,000 Charging CGST and SGST @9% each. B Rs 17,200 in cash and acceptance a three months bill Read More …

Question No 27 Chapter No 13 Insolvency of the Acceptor 27. On 1st Janueary,2018 Arun purchased from Barun goods invoiced at Rs 10,000. on the same date, Barun drew upon Arun a bill for the amount at 2 months and Read More …

Question No 26 Chapter No 13 Insolvency of the Acceptor 26. On 1st Feb., 2017. A sold goods to B for Rs 1,50,000 received Rs 50,000 in cash and drew two bill, first for Rs 60,000 and second for Rs Read More …

Question No 25 Chapter No 13 Insolvency of the Acceptor 25. Sharma owes Gupta Rs 4,20,000 on 1st January 2018 Sharma accepted a bill for 3 months for Rs 4,00,000 in full settlement. On the same Gupta discounted the bill Read More …