Q. 8 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 8 of the Bills of Exchange of TS Grewal Book class 11, 2021-22 Edition for the 2021-22 session?

Question number 8 of the Bills of Exchange is a practical one.

Question Number 8 Solution of Bills of Exchange of TS Grewal Book 2021-22 Class 11

Question – 8

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, Chandani Chowk, Delhi, Immediately after receiving the bill, B endorsed it to C in payment of his debt. On 1st September, C discounted the bill at 12% p.a. The bill is met on due date.

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

Solution:-

Here is the list of all Solutions.

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