[ISC] Q 2 Solution Bills of Exchange Class 11 (2023-24)

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Solution of Question number 2 Bills of Exchange class 11 ISC 2023-24?

On 10th March, 2023, Gopal draws on Sanjay a bill at 3 months for ₹ 20,000 which Sanjay accepts immediately and returns to Gopal. The bill is honoured on due date.

Pass necessary Journal entries in the books of both the parties.

Solution:-

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