Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans On 1st January, 2023, A drew upon B for goods sold, a bill at 3 months for ₹ 10,000. A discounted the bill with his bank, who charged ₹ 150 for discounting the bill 3.82K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 1st January, 2023, Vinod buys goods from Ramesh for ₹ 30,000 subject to deduction of 10% trade discount 3.33K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 1st May, 2023 Ankur sold goods to Basu for ₹ 20,000 and drew a bill of exchange on him, payable after 3 months 4.17K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 15th April, 2023, A agrees to draw on B, who is his debtor for ₹ 24,000, three bills of exchange: No. 1 for ₹ 7,000 at month, No. 2 for ₹ 8,000 at 2 months and No. 3 for ₹ 9,000 at 3 months 3.33K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 1st January, 2023, X sold goods to Y for ₹ 45,000 on credit, X drew 3 bills on him: first bill for ₹ 10,000 for 1 month, second bill for ₹ 15,000 for 2 months and third bill for ₹ 20,000 for 3 months 3.66K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans On 1st May, 2023, Merchant & Co. sold goods to AB & Co. of ₹ 50,000 and drew upon them a bill at 3 months for the amount. AB & Co. accepted the draft on presentation 3.76K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Rama sold goods for ₹ 12,000 to Reshma on 1st January, 2023. On the same date Rama draws a bill on Reshma for ₹ 12,000 for a period of 3 months 3.72K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans A purchases goods of ₹ 62,000 from B. A gives his acceptance for ₹ 62,000. B purchases goods worth ₹ 1,00,000 from C and endorses the bill to him, paying the balance by cheque 3.12K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Amar purchased goods of ₹ 10,000 from Bimal on 1st January, 2023. Amar accepts a bill for 1 month drawn by Bimal for the same 3.59K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Record the following transactions in the books of Sharma: Sharma’s acceptance in favour of Banerji for ₹ 2,000 dishonoured. Banerji agreed to receive ₹ 1,000 in cash and a new bill at 3 months for ₹ 1,000. Interest @ 6% p.a. is to be paid immediately by cash 2.99K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Ram’s acceptance for ₹ 20,000 renewed for 3 months, plus interest @ 5% p.a 3.15K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 0 Votes 1 Ans Record the following transactions in the books of Mehta Mehta’s acceptance for ₹ 2,500 retired before due date for a discount of ₹ 50. 3.36K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange 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 2.82K 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 3.25K 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 3.73K 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 3.12K 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 3.45K 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 2.97K 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 2.87K 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 3.03K 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 2.45K 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 1.89K 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 2.60K 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 2.04K 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 2.17K viewsAnurag Pathak Changed status to publish October 25, 2023Bills of Exchange « Previous 1 2 … 116 117 118 119 120 … 176 177 Next » Question and answer is powered by anspress.net
