[ISC] Q 40 Solution Bills of Exchange Class 11 (2022-23)
Are you looking for the solution of Question number 40 Bills of Exchange class 11 ISC 2022-23?
Amar sold goods to Baren for ₹ 40,000 on 1st January, 2021. Baren accepted a bill for 3 months on that date for ₹ 40,000. Amar discounted the bill @ 10% p.a. with his bank on 4th January, 2021. On maturity the bill was returned by bank as dishnoured with ₹ 250 as noting charges. Then Baren paid ₹ 10,000 and noting charges in cash and gave another bill for ₹ 30,000 for 3 months with interest @ 10% p.a. Before maturity, Baren became insolvent and his estate paid a dividend of 50 paise in a rupee.
Show Journal entries and Baren’s Account in the books of Amar.
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 |
