Solution of Question number 27 Bills of Exchange class 11 ISC 2023-24? Record the following transactions in the books of Sharma: (a) Sharma’s acceptance in favour of Banerji for ₹ 2,000 dishonoured. Banerji agreed to receive ₹ 1,000 in cash…
Solution of Question number 26 Bills of Exchange class 11 ISC 2023-24? Record the following in the Journal: (a) Ram’s acceptance for ₹ 20,000 renewed for 3 months, plus interest @ 5% p.a. (b) Shyam’s acceptance for ₹ 4,500, due…
Solution of Question number 25 Bills of Exchange class 11 ISC 2023-24? Record the following transactions in the books of Mehta: (a) Mehta’s acceptance for ₹ 2,500 retired before due date for a discount of ₹ 50. (b) Verma’s acceptance…
Solution of Question number 24 Bills of Exchange class 11 ISC 2023-24? Record the following transactions in the books of Mehra: (a) Mehra’s acceptance for ₹ 1,500 in favour of Chopra renewed for 3 months together with interest @ 6%…
Solution of Question number 23 Bills of Exchange class 11 ISC 2023-24? Give Journal entries for the following: (a) B’s acceptance for ₹ 1,000 due on this day, was renewed at his request for 3 months with interest @ 6%…
Solution of Question number 22 Bills of Exchange class 11 ISC 2023-24? Y owed X ₹ 15,000 who drew on him one bill for ₹ 10,000 payable 2 months after date and other for ₹ 5,000 payable 3 months after…
Solution of Question number 21 Bills of Exchange class 11 ISC 2023-24? Ram owed ₹ 20,000 to Mohan on 1st January, 2023. On this date, he accepted a draft for the amount for 3 months. Mohan got the bill discounted…
Solution of Question number 20 Bills of Exchange class 11 ISC 2023-24? Ram’s acceptance for ₹ 30,000 endorsed in favour of Shyam is dishonoured. Shyam pays ₹ 500 as noting charges. Ram pays ₹ 15,000 immediately and agrees to accept…
Solution of Question number 19 Bills of Exchange class 11 ISC 2023-24? A bill for ₹ 20,000 is drawn by A on B and accepted by the latter payable at Bank of India. Show what entries should be passed in…
Solution of Question number 18 Bills of Exchange class 11 ISC 2023-24? Y owes X ₹ 40,000. On 1st January, 2023, Y accepts a 3 months bill for ₹ 39,000 in satisfaction of his full claim. On the same date,…
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…
Solution of Question number 16 Bills of Exchange class 11 ISC 2023-24? On 1st March, 2023, R accepted a bill of exchange for ₹ 20,000 from S payable 3 months after date in full settlement of his dues. On the…
Solution of Question number 15 Bills of Exchange class 11 ISC 2023-24? On 1st Janurary, 2023, A draws a bill on B for ₹ 10,000 payable after 3 months. Immediately after its acceptance, A sends the bill to his bank…
Solution of Question number 14 Bills of Exchange class 11 ISC 2023-24? On 1st July, 2022, A drew a bill for ₹ 50,000 on B payable after 3 months. A discounted it with the bank for ₹ 48,500. On maturity,…
Solution of Question number 13 Bills of Exchange class 11 ISC 2023-24? Ram draws a bill for ₹ 2,000 on Shyam on 15th September, 2020 for 3 months. On maturity, Shyam failed to honour the bill. Pass necessary Journal entries…
