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On Jan. 01, 2016 Arun sold goods for Rs...

On Jan. 01, 2016 Arun sold goods for Rs 30,000 to Sunil. 50% of the payment was made immediately by Sunil on which Arun allowed a cash discount of 2%. For the balance Sunil drew a promissory note in favour of Arun payable after 20 days. Since, the date of maturity of bill was a public holiday, Arun presented the bill on a day, as per the provisions of Negotiable Instrument Act which was met by Sunil. State the date on which the bill was presented by Arun for payment and Jounalise the above transactions in the books of Arun and Sunil.

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Date of maturity of the promissory note is Jan. 24, 2016, on account of holiday, it will be presented one day earlier that is on Jan. 23, 2016.
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NCERT-BILL OF EXCHANGE -Numerical Questions
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  2. On Jan 15, 2015, Kartar Sold goods for Rs 30,000 to Bhagwan and drew...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  18. On Jan 01, 2017 Vibha sold goods worth Rs 18,000 to Sudha and drew up...

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  19. Following was the position of debtor and creditor of Gautam as on 1.1....

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  20. On Jan. 01, 2017 Harsh accepted a months bill for Rs 10,000 drawn o...

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