[ISC] Q 17 Solution Bills of Exchange Class 11 (2023-24)

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Solution of Question number 17 Bills of Exchange class 11 ISC 2023-24?

On 1st January, 2023, A drew a bill on B for ₹ 10,000 payable after 3 months. B accepted the bill and returned it to A. After 10 days, A endorsed the bill to his creditor C. On due date, the bill was dishonoured and C paid ₹ 500 as noting charges. Record the transactions in the books of A, B and C.

Solution:-

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