[ISC] Q 8 Solution Bills of Exchange Class 11 (2023-24)

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Solution of Question number 8 Bills of Exchange class 11 ISC 2023-24?

A owed B ₹ 8,000. He gave a bill for the same on 1st August, 2020 payable after 4 months at the Bank of India, Chandni Chowk, Delhi. Immediately after receiving the bill, B endorsed it to C is payment of his debt. On 1st September, 2020, C discounted the bill at 12% p.a. The bill is met on due date.

Pass necessary Journal entries in the books of A, B and C.

Solution:-

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