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Subject: Accountancy, asked on 17/2/21

X draws 3 bills of rs 10,000 , rs 8,000 and rs 2,000 for 3 months , 2 months and 1 month respectively.

The first bill is discounted immediately at 1%. The second bill was honoured on maturity but the other 2 bills were dishonored with noting charges of rs 20 on each bill.

On Y's request, a new bill for rs 19000 was drawn and duly accepted. The fourth bill was honoured on maturity.

Pass the journal entries in the books of X.

Subject: Accountancy, asked on 17/2/21

Bill of exchange sum solve it

Subject: Accountancy, asked on 14/12/20

On 1st March 2018, R accepted a bill of exchange of rs 20,000 from S payable 3 months after date in full settlement of his dues. On the same day, S endorsed the bill of exchange to T together with a cheque of rs 5,000 in settlement of his debt to the latter. On 2nd March 2018, T discounted the bill of exchange@ 6% p.a. with his bankers. On maturity the bill was Dishonored.
Journalise the transactions in the books of R and T

Subject: Accountancy, asked on 25/11/20

Y draws 2 bills of rs 15,000 and rs 10,000 for 2 months and 1 month respectively on X. The first bill was discounted at rs 14,950. On the due date all the bills were Dishonored with noting charges of rs 20 each . On X's request,Y draws a new bill for rs 25,200 for 1 month. On the due date, the bill was honoured. Pass the journal entries in the books of X and Y

Subject: Accountancy, asked on 11/11/20

A draws 3 bills of rs 5000,3000,2000 for 3 months,2 months and 1 month respectively on B who accepts the bills.

First bill was discounted for rs 4850 and the second bill is endorsed to Z. On the due dates all the bills were Dishonored with noting charges of rs 20 on each bill. B pays the noting charges in cash and accepts a new bill along with interest of rs 200 for 2 months. The bill was Dishonored on maturity. Pass the journal entries in the books of A, B and Z

Subject: Accountancy, asked on 5/11/20

B accepted 2 bills drawn by A for rs 8000 and rs 7000 for 2 months and 1 month respectively. The second bill was discounted with the bank at rs 6,800. On the due date, the second bill was honoured but the first bill got Dishonored with noting charges of rs 20. Pass the journal entries in the books of A and B

Subject: Accountancy, asked on 20/12/19

A owes B 40,000 . On 1st april, 2018, he accepts a bill for 38,000 for 3 months in full settlement . B immediately endorses the bill to his creditor C> On 1st July , 2018, A becomes bankrupt and B receives first and final dividend of 30 paise in the rupee. Write up the necessary journal entries in books of A.

Subject: Accountancy, asked on 20/12/19

On 1 st august 2017 Pradeep drew a bill on Raju for 75,000 for 3 months. Thos was the amount which raju owed to pradeep . On aug 4 2017 pradeep discounted the same at 14 percent per annum from Bank. On november 1, 2017 Raju requested pradeep for renewal of the bill. Pradeep agreed on the condition that 35,000 be paid immediately together with interest on the remaining amount at eighteen percent per annum for 3 months and that for the remaining amount raju should accept a new bill for 3 months. These arrangements were duly carried out. Pradeep received 40 paise in a rupee from Rajus estate. 
Show the entries in both the books of the parties.

Subject: Accountancy, asked on 17/12/19

Calculate the due date of the bills :
30th april 2017 - 30 days in comparison to 30th april 2017 - 1 month
(explain in detail)

Subject: Accountancy, asked on 29/12/18

Questions no 39 plz sir solve this

Subject: Accountancy, asked on 27/12/18

Question no 23

Subject: Accountancy, asked on 25/10/18

Who are endoser and endorsee and how are they different from drawer and drawee

Subject: Accountancy, asked on 8/1/22

Accountancy: Bills of exchange

Subject: Accountancy, asked on 30/9/18

Please solve this .

Subject: Accountancy, asked on 1/3/16

journal entry for bill sent to bank for collection

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