[ISC] Q 18 Solution Bills of Exchange Class 11 (2023-24)

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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, 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.

Solution:-

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