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Subject: Accountancy, asked on 24/2/17

state 3 reasons of dishonour of a bill.

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 4/2/16

A made a bill on B FOR 2000 in full settlement of 2050 on 1 feb 2015 for 3 months.A endorsed it to C on 5 march in full settlement of 2100 and bill met on due date pass entries in Aand C

Subject: Accountancy, asked on 21/1/16

explain in brief about endorsement of bill

Subject: Accountancy, asked on 1/3/16

journal entry for bill sent to bank for collection

Subject: Accountancy, asked on 12/2/19

Anil sold goods to Mukesh for rupees 20000 taking a bill of exchange at 3 months dated 1st August 2006 on 4th October 2006 and I got the bill discounted at 6% per annum with his bankers at maturity the bill was returned by the banker's Dishonored with Rs 50 as noting charges Mukesh paid 10000 and expenses immediately and accepted another bill at 3 months from the balance amount and interest at 6% per annum but before maturity bouquets becomes insolvent and ultimate leap 86 60 paise in a Rupee past general entries in the books of Anil

Subject: Accountancy, asked on 30/12/17

Why are noting charges paid by the drawer or by the bearer at the time of dishonour of a bill? And to whom are these charges paid?

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 10/1/20

Neha sold goods of rs 7000 to chanda.on 1st February,2016, neha received one month's promissory note of rs 6800 in full settlement of Chanda's account.neha transferred this promissory note immediately to sheffali in full settlement of her account of rs 10000 and for the remaining amount neha sent a cheque to sheffali.bill was honoured on due date

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 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 25/10/18

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

Subject: Accountancy, asked on 20/2/18

Bills of exchange ques
9. 9. On 1st January,2017, Vishnu sold  goods of Rs 15,600 to Shanker and for   this amount Shanker gave 
a two months' bill of Rs 12,600 and  a cheque of Rs 2,400 which was immediately deposited into bank.
Vishnu immediately discounted this bill from the bank for Rs 12,300. On the due date, Shanker
could not pay this bill and Vishnu had to pay it along  with noting charges of Rs100. On the next
day, Shanker sent a new bill of 4 months in exchange of the first bill and paid in cash the noting 
charges and interest @9% p.a. On 5th July,2017 , Shanker became insolvent and on 15th July,2017
amount was realised from his estate @ 40 paise in a rupee.
Give the Journal entries in the books of Vishnu and Shanker.Prepare Vishnu's account in the 
books of Shanker and Shanker's Account in the books of Vishnu.​
 

Subject: Accountancy, asked on 3/11/18

Help me out please!

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

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