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

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

Record the following transactions in the books of Mehra:

(a) Mehra’s acceptance for ₹ 1,500 in favour of Chopra renewed for 3 months together with interest @ 6% p.a.

(b) Mehra’s acceptance for ₹ 2,000 in favour of Rao met by endorsement of Sethi’s acceptance (in favour of Mehra) for the like amount.

Solution:-

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