[ISC] Q 19 Solution Bills of Exchange Class 11 (2022-23)

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Are you looking for the solution of Question number 19 Bills of Exchange class 11 ISC 2022-23?

Ram’s acceptance for ₹ 20,000 endorsed in favour of Shyam is dishonoured. Shyam pays ₹ 500 as noting charges. Ram pays ₹ 10,000 immediately and agrees to accept a new bill of exchange for 3 months for the balance together with interest @ 12% p.a. Shyam’s Account is settled by cheque.

Journalise the transactions in our books.

Solution:-

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