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
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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
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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
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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
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Ram’s acceptance for ₹ 20,000 renewed for 3 months, plus interest @ 5% p.a
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Record the following transactions in the books of Mehta Mehta’s acceptance for ₹ 2,500 retired before due date for a discount of ₹ 50.
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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
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B’s acceptance for ₹ 1,000 due on this day, was renewed at his request for 3 months with interest @ 6% p.a
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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
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Ram owed ₹ 20,000 to Mohan on 1st January, 2023. On this date, he accepted a draft for the amount for 3 months
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