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Ashok sold goods Rs 14,000 t Bishan on O...

Ashok sold goods Rs 14,000 t Bishan on October 30,2016 and drew three bills for Rs 2,000, Rs 4,000 & Rs 8,000 payable after two, three, and four months respectively. The first bill was kept by Ashok with him till maturity. He endorsed the second bill in favour of his creditor Chetan. The third bill was discounted on December 03,2016 at 12% p.a. The first and second bills were duly met on maturity but the third bill was dishonoured and the bank paid Rs 50 as noting charges. On March 03,2017 Bishan paid Rs 4,000 and noting charges in the cash and accepted a new bill at two months after date for the balance plus interest Rs 100 The new bill was met on maturity by Bishan. You are required to give the journal entries in the books of both Ashok ans Bishan and prepare Bishan's account in Ashok's books and Ashok's account in Bishan's books.

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NCERT-BILL OF EXCHANGE -Numerical Questions
  1. Ashok sold goods Rs 14,000 t Bishan on October 30,2016 and drew three ...

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  2. On Jan 01, 2016 Rao sold goods Rs 10,000 to Reddy. Half of the paymen...

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  3. On Jan 01, 2016, Shankar purchased goods from Parvati for Rs 8,000 an...

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  4. Vishal sold goods for Rs 7,000 to Manju on Jan 05, 2016 and drew upon...

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  5. On Feb 01, 2016, John purchased goods for Rs 15,000 from Jimmi. He im...

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  6. On Jan 15, 2015, Kartar Sold goods for Rs 30,000 to Bhagwan and drew...

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  7. On Jan. 01, 2016 Arun sold goods for Rs 30,000 to Sunil. 50% of the ...

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  8. Darshan sold goods for Rs 40,000 to Varun on 8.1.2016 and drew upon ...

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  9. Bansal Traders allow a trade discount of 10% on the list price of the ...

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  10. Narayanan purchased goods for Rs 25,000 from Ravinderan on Feb. 01, 2...

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  11. Ravi sold goods for Rs 40,000 to Sudershan on Feb 13, 2016. He drew...

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  12. On Jan 01, 2016 Neha sold goods for Rs 20,000 to Muskan and drew upo...

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  13. On Jan 15, 2016 Raghu sold goods worth Rs 35,000 to Devendra and dre...

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  14. Viaml purchased goods Rs 25,000 from Kamal on Jan 15, 2016 and accept...

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  15. Abdulla sold goods to Tahir on Jan 17, 2017 for Rs 18,000. He drew a...

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  16. Asha sold goods worth Rs 19,000 to Nisha on March 02, 2017. Rs 4,00...

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  17. On Feb. 02, 2017, Verma purchased from Sharma goods for Rs 17,500. Ve...

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  18. Lilly sold goods to Methew on 1.3.2017 for Rs 12,000 and drew upon M...

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  19. Kapil purchased goods for Rs 21,000 from Gaurav on 1.2.2017 and accep...

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  20. On Feb. 14, 2017 Rashmi sold good Rs 7,500 to Alka. Alka paid Rs 50...

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  21. Nikhil sold goods for Rs 23,000 to Akhil on Dec. 01, 2017. He drew up...

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