Q. 6 solution of Bills of Exchange TS Grewal Book Class 11 2021-22

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Are you looking for the solution to Question number 6 of the Bills of Exchange of TS Grewal Book class 11, 2021-22 Edition for the 2021-22 session?

Question number 6 of the Bills of Exchange is a practical one.

Question Number 6 Solution of Bills of Exchange of TS Grewal Book 2021-22 Class 11

Question – 6

A Sells goods of ₹ 10,000 on 1st March 2021 to B on credit. B accepts a bill on the same day for the amount payable three months after the date. A discounts the bill at 6% p.a. from the bank on 4th April. On maturity, the bill is met by B. Pass the necessary Journal entries in the books of both the parties.

Solution:-

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