Author: Shubham

Question No 14 Chapter No 13 Dishonour of bill discounted from the Bank 14. Asha sold goods worth 19,000 to Nisha on March 2, 2016. 4,000 were paid by Nisha immediately and for the balance she accepted a bill of Read More …

Question No 13 Chapter No 13 Dishonour and Renewal of Bill 13. A sells goods for 30,000 to B on 1st January, 2018 and on the same day draws a bill on B at three months for the amount. B Read More …

Question No 12 Chapter No 13 Dishonour and Renewal of Bill 12.On 1st January 2018, Dinesh purchased goods from Chander for 60,000 plus CGST and SGST @ 6% each. Dinesh pays 7,200 in cash and accepts a bill drawn by Read More …

Question No 11 B Chapter No 13 Dishonor of a Bill 11 (B).On 15th October, 2016, Y purchased goods worth 75,000 from X, and accepted a three months bill for this amount drawn by X. On the due date, it Read More …

Question No 11 A Chapter No 13 Dishonor of a Bill 11.(A) On 1st April, 2016, B accepts a bill drawn by A at three months for 8,000 in payment of debt. On the due date the acceptance is dishonored Read More …

Question No 10 Chapter No 13 Dishonor of a Bill 10. On 17th April, 2018, X sold goods to Y for 80,000 and draws a bill for 2 months upon Y for the amount due. Y accepted the bill and Read More …

Question No 09 Chapter No 13 Retiring a Bill under Rebate 09. Record the following transaction in the books of Mohan:(i) Mohan retired his acceptance to Suresh for 10,000 before due date and earned rebate of 200(ii) One month before Read More …

Question No 08 Chapter No 13 Sending the Bill to Bank for Collection 08. On January 1,2018 Ajay sold goods to Balbir for Rs 10,000 at a discount of 20%. On that date, Balbir acceptance a bill drawn on him Read More …

Question No 06 Chapter No 13 Sending the Bill to Bank for Collection 06. On 10th January 2017, A sells goods to B for 12,000. On that date, B accepted a bill drawn upon him by A at two months Read More …