[ISC] Q 26 Solution Bills of Exchange Class 11 (2022-23)

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Are you looking for the solution of Question number 26 Bills of Exchange class 11 ISC 2022-23?

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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