[ISC] Q 2 Solution Bills of Exchange Class 11 (2022-23)

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Are you looking for the solution of Question number 2 Bills of Exchange class 11 ISC 2022-23?

On 1st January, 2021, A sold goods to B for ₹ 10,000. A drew on B a bill for the amount payable 3 months after date. The bill was duly accepted by B. A retained the bill till due date. On due date, the bill was paid.

Pass Journal entries in the book of A and B. Also, show necessary accounts in the books of both the parties.

Solution:-

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