[ISC] Q 33 Solution Bills of Exchange Class 11 (2023-24)
Solution of Question number 33 Bills of Exchange class 11 ISC 2023-24?
On 15th April, 2023, A agrees to draw on B, who is his debtor for ₹ 24,000, three bills of exchange: No. 1 for ₹ 7,000 at month, No. 2 for ₹ 8,000 at 2 months and No. 3 for ₹ 9,000 at 3 months. B accepts and returns these bills to A. On 20th April, 2021, A endorses the first bill to his creditor C in full settlement of his account for ₹ 7,100. He discounts the second bill on 22nd April, 2021 at a discount of ₹ 792.
The first bill is met on maturity. The second bill is dishonoured, ₹ 100 being the noting charges. A grees to draw on B a fourth bill for ₹ 8,250 at 3 months. The third and fourth bills are met on due dates.
Record Journal entries in the books of A, B and C.
Solution:-
Below is the list of all the Practical problems
| S.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Solutions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Solutions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
| 28 | Question – 28 |
| 29 | Question – 29 |
| 30 | Question – 30 |
