[ISC] Q 16 Solution Bills of Exchange Class 11 (2022-23)

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Are you looking for the solution of Question number 16 Bills of Exchange class 11 ISC 2022-23?

On 1st January, 2021, 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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