Solution of Question number 33 Bills of Exchange class 11 ISC 2023-24? On 15th April, 2023, A agrees to draw on B, who is his debtor for ₹ 24,000, three bills of exchange: No. 1 for ₹ 7,000 at month,…
Solution of Question number 32 Bills of Exchange class 11 ISC 2023-24? On 1st January, 2023, X sold goods to Y for ₹ 45,000 on credit, X drew 3 bills on him: first bill for ₹ 10,000 for 1 month,…
Solution of Question number 31 Bills of Exchange class 11 ISC 2023-24? On 1st May, 2023, Merchant & Co. sold goods to AB & Co. of ₹ 50,000 and drew upon them a bill at 3 months for the amount.…
Solution of Question number 30 Bills of Exchange class 11 ISC 2023-24? Rama sold goods for ₹ 12,000 to Reshma on 1st January, 2023. On the same date Rama draws a bill on Reshma for ₹ 12,000 for a period…
Solution of Question number 29 Bills of Exchange class 11 ISC 2023-24? A purchases goods of ₹ 62,000 from B. A gives his acceptance for ₹ 62,000. B purchases goods worth ₹ 1,00,000 from C and endorses the bill to…
Solution of Question number 28 Bills of Exchange class 11 ISC 2023-24? Amar purchased goods of ₹ 10,000 from Bimal on 1st January, 2023. Amar accepts a bill for 1 month drawn by Bimal for the same. Being unable to…
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…
