[ISC] Q 35 Solution Bills of Exchange Class 11 (2022-23)
Are you looking for the solution of Question number 35 Bills of Exchange class 11 ISC 2022-23?
Bhaskar owed to Amit ₹ 60,000 on 1st January, 2021. On the same date, Amit drew upon Bhaskar a bill for the amount at 2 months and Bhaskar returned the bill duly accepted. Amit got the bill discounted at his bank @ 15% p.a. Before the bill was due for payment, Bhaskar informed Amit that he was unable to pay the full amount and requested Amit to accept ₹ 20,000 immediately and draw upon him another bill for the remaining amount for 2 months together with interest @ 18% p.a. Amit agreed. The second bill was duly met. Give the Journal entries in the book of both Amit and Bhaskar.

Solution:-


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| 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 |
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| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
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| 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 |
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| 30 | Question – 30 |
