Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Record the following transactions in the books of Mehra Mehra’s acceptance for ₹ 1,500 in favour of Chopra renewed for 3 months together with interest @ 6% p.a 1.28K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans B’s acceptance for ₹ 1,000 due on this day, was renewed at his request for 3 months with interest @ 6% p.a 1.43K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Y owed X ₹ 15,000 who drew on him one bill for ₹ 10,000 payable 2 months after date and other for ₹ 5,000 payable 3 months after date 1.74K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Ram owed ₹ 20,000 to Mohan on 1st January, 2023. On this date, he accepted a draft for the amount for 3 months 1.49K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Ram’s acceptance for ₹ 30,000 endorsed in favour of Shyam is dishonoured. Shyam pays ₹ 500 as noting charges 1.63K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans A bill for ₹ 20,000 is drawn by A on B and accepted by the latter payable at Bank of India. Show what entries should be passed in the books of A under each of the following circumstances 1.20K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Y owes X ₹ 40,000. On 1st January, 2023, Y accepts a 3 months bill for ₹ 39,000 in satisfaction of his full claim 1.16K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 1st January, 2023, A drew a bill on B for ₹ 10,000 payable after 3 months. B accepted the bill and returned it to A 1.16K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 1st March, 2023, R accepted a bill of exchange for ₹ 20,000 from S payable 3 months after date in full settlement of his dues 1.13K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 1st Janurary, 2023, A draws a bill on B for ₹ 10,000 payable after 3 months. Immediately after its acceptance, A sends the bill to his bank for collection 662 viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 1st July, 2022, A drew a bill for ₹ 50,000 on B payable after 3 months. A discounted it with the bank for ₹ 48,500 1.19K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Ram draws a bill for ₹ 2,000 on Shyam on 15th September, 2020 for 3 months. On maturity, Shyam failed to honour the bill 825 viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Mohan draws a bill on Jagat for ₹ 10,000 payable 2 months after date. Immediately after its acceptance, Mohan sends the bill to his bank for collection 1.01K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans A sold goods to B for ₹ 20,000. B accepts two bills of ₹ 10,000 each for 3 months. A endorsed one bill to C 1.80K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 10th July, 2020, A sold goods to B for ₹ 35,000. He drew on him a 3 months bill for ₹ 35,000 1.21K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans A sold goods to B for ₹ 20,000 on credit of 3 months. B accepted a draft for the amount. The draft was endorsed in favour of C, who got the payment on maturity 1.14K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans 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 1.10K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans A drew a bill of ₹ 1,000 on B which was duly accepted by the latter. A endorsed the bill to C in full payment of his own acceptance to C for a like amount 1.04K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Vinod sold goods to Darbara for ₹ 10,000. Vindo drew on the latter a bill for the amount payable 3 months after date 1.26K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Dinesh received from Shridhar an acceptance for ₹ 9,000 on 1st September, 2022 at 3 months. Dinesh got the acceptance discounted at 9% p.a. from his bank 1.47K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Mohan sold goods to Kumar for ₹ 10,000. He drew on him a bill for ₹ 10,000 payable 3 months after the date 1.46K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 1st January, 2023, A sold goods to B for ₹ 10,000. A drew on B a bill for the amount payable 3 months after date. The bill was duly accepted by B 1.46K viewsAnurag Pathak Changed status to publish October 25, 2023Depreciation 0 Votes 1 Ans On 10th March, 2023, Gopal draws on Sanjay a bill at 3 months for ₹ 20,000 which Sanjay accepts immediately and returns to Gopal. The bill is honoured on due date 1.34K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 1st April, 2020, Amit Kumar purchased five machines for ₹ 60,000 each. Depreciation @ 10% p.a. on initial cost has been charged from the Profit & Loss Account and credited to Provision for Depreciation Account 1.58K viewsAnurag Pathak Changed status to publish October 25, 2023Depreciation 0 Votes 1 Ans Sharma & Co. whose books are closed on 31st March, purchased machinery for ₹ 1,50,000 on 1st April, 2020, additional machinery was acquired for ₹ 50,000 on 1st October, 2020 2.25K viewsAnurag Pathak Changed status to publish October 25, 2023Depreciation « Previous 1 2 … 109 110 111 112 113 … 169 170 Next » Question and answer is powered by anspress.net
