[ISC] Q 1, 2 Solution Bills of Exchange Class 11 (2023-24)
Solution of Question number 1, 2 Bills of Exchange class 11 ISC 2023-24
Q. 1. What will be the date of maturity of the following Bills Receivables?
| Bill No. | Date of Drawing | Date of Acceptance | Payable |
| B – 1 | 31st January, 2026 | 2nd February, 2026 | 1 month after date |
| B – 2 | 29th January, 2026 | 3rd February, 2026 | 30 days after date |
| B – 3 | 29th January, 2026 | 2nd February, 2026 | 2 months after date |
| B – 4 | 12th July, 2025 | 14th July, 2025 | 1 month after date |
| B – 5 | 27th June, 2025 | 28th June, 2025 | 3 months after date |
| B – 6 | 28th September, 2025 | 1st October, 2025 | 2 months after sight |
| B – 7 | 23rd December, 2025 | 24th December, 2025 | 1 month |
| B – 8 | 2nd January, 2026 | 3rd January, 2026 | On demand |
| B – 9 | 5th January, 2026 | 6th January, 2026 | At sight |
| B – 10 | 10th January, 2026 | 10th January, 2026 | On presentation |
Drawer demands the amount of last three bills on 25th January, 2026.
Solution:-
Q. 2. On 10th March, 2026, Raj draws on Sanjay a bill at 3 months for 30,000 which Sanjay accepts immediately and returns to Raj. The bill is honoured on due date.
Pass necessary Journal entries in the books of both the parties.
Solution:-
