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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 …
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 …
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