[ISC] Q 35 Solution Bills of Exchange Class 11 (2023-24)

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Solution of Question number 35 Bills of Exchange class 11 ISC 2023-24?

On 1st January, 2023, Vinod buys goods from Ramesh for ₹ 30,000 subject to deduction of 10% trade discount. Vinod accepts a bill for 4 months for the amount on 4th February, 2023. Vinod retires his acceptance under a rebate of 12% p.a. on 4th March, 2023. Journalise the above transactions in the books of Vinod and Ramesh.

Solution:-

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