[ISC] Q 30 Solution Bills of Exchange Class 11 (2022-23)

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Are you looking for the solution of Question number 30 Bills of Exchange class 11 ISC 2022–23?

A purchases goods of ₹ 62,000 from B. A gives hhis 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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