[ISC] Q 17 Solution Bills of Exchange Class 11 (2022-23)

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Are you looking for the solution of Question number 17 Bills of Exchange class 11 ISC 2022-23?

Y owes X ₹ 40,000. On 1st January, 2021, Y accepts a 3 months bill for ₹ 39,000 in satisfaction of his full claim. On the same date, it is endorsed by X to Z in full satisfaction of his claim of ₹ 39,800. The bill is disnonoured on due date. Pass Journal entries in the books of X.

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