Questions Ask question Search Order By: ActiveCategoryClear Filter 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 4.54K 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 3.82K 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 4.27K 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 3.71K 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 3.72K 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 4.08K 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 3.73K 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 2.73K 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 3.39K 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 2.76K 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 2.78K 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 3.76K 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 3.27K 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 3.14K 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 3.62K 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 3.06K 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 3.22K 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 3.49K 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 3.59K 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 4.30K viewsAnurag Pathak Changed status to publish October 25, 2023DK Goel Class 11 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 3.52K 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 5.31K viewsAnurag Pathak Changed status to publish October 25, 2023DK Goel Class 11 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 5.98K viewsAnurag Pathak Changed status to publish October 25, 2023DK Goel Class 11 0 Votes 1 Ans Following balances exist in the books of Amrit as on 1st April, 2022 Machinery A/c 60,000 Provision for Depreciation A/c 36,000 4.33K viewsAnurag Pathak Changed status to publish October 25, 2023DK Goel Class 11 0 Votes 1 Ans On 1st June, 2019 Popular Ltd. purchased a plant for ₹ 9,00,000. On 1st December, 2021, a part of the plant purchased on 1st June, 2019 for ₹ 1,50,000 was sold for ₹ 60,000 6.04K viewsAnurag Pathak Changed status to publish October 24, 2023DK Goel Class 11 « Previous 1 2 … 129 130 131 132 133 … 188 189 Next » Search questions Search Questions Sahaj and Nimish entered into partnership on 1st April, 2025 without a partnership deed. They introduced capital of 5,00,000 and 3,00,000 respectively 1 Answer | 0 Votes Taran and Deep are partners sharing the profits and losses in the ratio of 2 : 3 with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively 1 Answer | 0 Votes Puneet and Sahil are partners sharing profits and losses equally. They had opening credit balance in their Loan Accounts of ₹ 9,00,000 each 1 Answer | 0 Votes Raman and Pawan are partners sharing profits and losses in the ratio of 3 : 2. Raman being a non-working partner contributes ₹ 50,00,000 as capital 1 Answer | 0 Votes Raman and Pawan are partners sharing profits and losses in the ratio of 2 : 3. They had opening credit balance in their Loan Accounts of ₹ 5,00,000 and ₹ 4,00,000 respectively 1 Answer | 0 Votes Bani, Rani, and Mani are partners sharing profits and losses in the ratio of 3 : 2 : 1. Bani and Mani granted loans to the firm on 1st October 2022 of ₹ 2,00,000 and ₹ 3,00,000 respectively 1 Answer | 0 Votes Nirmal and Pawan are partners sharing profits in the ratio of 3 : 2. The firm had given a loan to Pawan of ₹ 5,00,000 on 1st April 1 Answer | 0 Votes Akhil, Sunil, and Parvesh are partners sharing profits in the ratio of 3 : 2 : 1. Sunil had given a loan to the firm on 1st November 2022 of ₹ 4,00,000 1 Answer | 0 Votes Bat and Ball are partners sharing the profits in the ratio of 2 : 3 with capitals of ₹ 1,20,000 and ₹ 60,000 respectively 1 Answer | 0 Votes Akhil and Bimal are partners sharing profits in the ratio of 3 : 2. Akhil gave a loan to the firm of ₹ 1,00,000 on 1st October 2022 1 Answer | 0 Votes Question and answer is powered by anspress.net
