[ISC] Q 19 Solution Bills of Exchange Class 11 (2023-24)

Solution of Question number 19 Bills of Exchange class 11 ISC 2023-24?

A bill for ₹ 20,000 is drawn by A on B and accepted by the latter payable at Bank of India. Show what entries should be passed in the books of A under each of the following circumstances:

(a) If A retained the bill till the due date and then realised it on maturity.

(b) If A discounted it with his bank for ₹ 19,500.

(c) If A endorsed it to his creditor C in full settlement of his debt.

(d) If A sent it to his banker for collection.

Also, give necessary entries in each of the cases if the bill is dishonoured.

Solution:-

Below is the list of all the Practical problems

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

S.N	Solutions
31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
37	Question – 37
38	Question – 38
39	Question – 39
40	Question – 40
41	Question – 41
42	Question – 42
43	Question – 43
44	Question – 44