[ISC] Q 25 Solution Bills of Exchange Class 11 (2023-24)

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Solution of Question number 25 Bills of Exchange class 11 ISC 2023-24?

Record the following transactions in the books of Mehta:

(a) Mehta’s acceptance for ₹ 2,500 retired before due date for a discount of ₹ 50.

(b) Verma’s acceptance in favour of Mehta for ₹ 1,200 renewed for a period of 3 months together with interest @ 9% p.a.

Solution:-

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