[ISC] Q 13 Solution Bills of Exchange Class 11 (2022-23)

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Are you looking for the solution of Question number 13 Bills of Exchange class 11 ISC 2022-23?

On 1st July, 2020, A drew a bill for ₹ 50,000 on B payable after 3 months. A discounted it with the bank for ₹ 48,500. On maturity, B failed to pay the amount of his acceptance and the bank had to pay ₹ 500 as noting charges.

Draw necessary Journal entries in the books of A and B.

Solution:-

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Anurag Pathak

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