Arpit drew two bills of exchange on 1st January, 2023 for ₹ 15,000 and ₹ 25,000. The Bill of Exchange for ₹ 15,000 is for two months while the Bill of Exchange for ₹ 25,000 is for three months
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Yashpal owed money to Srinivas and hence accepted two bills each of ₹ 9,700 of three months duration drawn on him by the latter, on 1st July, 2023
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Amar sold goods to Baren for ₹ 40,000 on 1st January, 2023. Baren accepted a bill for 3 months on that date for ₹ 40,000
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A sold goods to B for ₹ 12,000. He took a bill at 3 months dated 1st July, 2023. On 4th August, A discounted the bill @ 5% p.a. with his bank
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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
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On 1st January, 2023, Vinod buys goods from Ramesh for ₹ 30,000 subject to deduction of 10% trade discount
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On 1st May, 2023 Ankur sold goods to Basu for ₹ 20,000 and drew a bill of exchange on him, payable after 3 months
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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
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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
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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
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