[ISC] Q 29 Solution Bills of Exchange Class 11 (2023-24)

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Solution of Question number 29 Bills of Exchange class 11 ISC 2023-24?

A purchases goods of ₹ 62,000 from B. A gives his acceptance for ₹ 62,000. B purchases goods worth ₹ 1,00,000 from C and endorses the bill to him, paying the balance by cheque. On maturity the bill is dishonoured, noting charges amounted to ₹ 1,000.

Give Journal entries in the books of A, B and C.

Solution:-

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