A drew a bill of ₹ 1,000 on B of 3 months 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. C endorsed the bill to B.
pass the journal entries in the books of A, B and C.

On 1st January 2019 , A sold goods to B for ₹ 5,000 plus IGST @ 18% A received ₹ 900 by cheque was duly accepted by B.A retained the bill for the balance amount payable 3 months after date. The bill was duly accepted by B. A retained the bill till due date. on due date, the bill was paid. Pass Journal entries in the books of A and B Also, Show necessary accounts in the books of both the parties.

On 1st , 2019 A drew a bill for ₹ 5,000 on B payable after 3 months. A discounted it with the Bank for ₹ 4,850. on maturity , B failed to pay the amount of his acceptance and the bank had to pay ₹ 50 as noting charges. Pass the necessary Journal entries in the books of A and B.

On 1st January , 2019 A draws a bill in B for ₹ 1,000 payable after 3 months. Immediately after its acceptance, A sends the bill to his bank for collection. On the due date, the bill was dishonourd . Record the transactions in the Journals of A and B.

Dev owes ₹ 10,000 to Krishan. On 1st May, 2019 he sent his promissory Note for the amount payable, after 3 months. On 1st june , 2019, Krishan endorses the promissory Note is favour of Wahid to whom he owed the like amount. On the due date, Dev paid the amount. pass the journal entries in the books of Krishan , Dev and Wahid.

Ram draws a bill ₹ 2,000 on Shyam on 15th September , 2018 for 3 months . On maturity, shyam failed to honour the bill. Pass the necessary Journal entries in the books of Ram and Shyam.

On 1st march , 2019 Naresh sold goods to Y for ₹ 25,000 and immediately received from Y₹ 10,000 by cheque and drew a bill on Y at three months fort he balance amount. Bill is accepted by Y. Bill was disphonoured on the due date and Y paid ₹ 150 as noting charges. Ten days later, Y pays the due amount to X. pass the joural entries in the books of both the parties.

On 1st January , 2019 A drew a bill on B for ₹ 10,000 payable after 3 months . B accepted the bill and returened it ot A. After 10 days. A endorsed the bill creditor C. On the due date, the bill was dishonoured and C paid ₹ 50 as noting charges. Record the transactions in the books of A,B and C.

On 1st January, 2008, A sold goods to B for ₹ 1,00,000 received ₹ 25,000 in cash and drew two bills, first ₹ 45,000 and second for ₹ 30,000 of two months each. Both bills were duly accepted by B. first bill was endorsed to C in settlement of his account of 45,000 and second bill was discounted from the bank at the rate of 12% p.a. on the due date of these bills. both bills were dishonoured. C has paid 100 and bank has paid ₹ 100 and bank has paid ₹ 80 as noting charges. pass Journal entries in the books of A, B and C.

Mohan singh draws a bill on Jagat for ₹ 1,000 payable 2 month s after date. Immediately after its acceptance, Mohan Singh sends to his the bill to his bank for collection. On due date, bank gets the payment. Make the entries in the books of all the parties.

Y owes X ₹ 4,000 on 1st January 2019 Y accepts a 3 months bill for ₹ 3,900 in satisfaction of his full claim . On the same date it was endorse d by X to Z is satisfaction of his claim of ₹ 3,980 , the billis dishonourd in the due date. Give the journal enries in hte books of X.