[ISC] Q 31 Solution Bills of Exchange Class 11 (2022-23)
Are you looking for the solution of Question number 31 Bills of Exchange class 11 ISC 2022-23?
On 1st January, 2021, X sold goods to Y for ₹ 45,000 on credit, X drew 3 bills on him: first bill for ₹ 10,000 for 1 month, second bill for ₹ 15,000 for 2 months and third bill for ₹ 20,000 for 3 months. Y accepted and returned all the bills to X.
The first bill was retained by X till the date of maturity. The second bill was endorsed to his creditor Z on 3rd January, 2021 and third bill was sent to bank for collection on 4th January, 2021. On maturity all the bills were dishonoured and noting charges amounted to ₹ 1,000, ₹ 1,500 and ₹ 2,000 respectively.
Pass the Journal entries in the books of X, Y and Z.
Solution:-
Below is the list of all the Practical problems
| S.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Solutions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Solutions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
| 28 | Question – 28 |
| 29 | Question – 29 |
| 30 | Question – 30 |
