On 15th June , 2019 X sold to Y goods to the value of ₹ 15,000 drawing upon the latter two bills, one for ₹ 10,000 payable 2 months after date and other for ₹ 5,000 payable, 3 months favour after date. X discounted the first bill with his bank at 6% p.a. and endorsed the second bill in favour of his creadtior Z. the first bill was met on maturity but the second was dishonoured. Z paid ₹ 50 as noting charges. on 1st Ocatober. Y cleared his account to X by paying ₹ 5,100 which included ₹ 50 as interset.
Record the necessary Journal entries in the books of both X and Y.

A bill of Exchange, dated , 12th july, 2018 payable 3 months after date.

On 1st January, 2019, A drew a bill on B for ₹ 5, 000 payable after 3 months. B accepted the bill and returned it to A. after 10days A endorsed the bill to his creditor C. On the due date the bill was dishonoured and C pair ₹100 as noting charges. Record the transactions in the Jornals of A, B and C.

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 Jan 15, 2016 Raghu sold goods worth Rs 35,000 to Devendra and drew upto the latter three bills of exchanges. The first bill was for Rs 5,000 payable after one month, the second bill was for Rs 20,000 payable after three months and third bill for balance amount for 4 months. Raghu endorsed the first bill in favour of his creditor Dewan in full settlement of a debt of Rs 5,200. The second bill was discounted by Raghu @ 6 % p.a. and the third bill was retained by Raghu till the date of maturity. Devendra dishonoured the bill on maturity and the bank paid Rs 30 as noting charges. Four days before the maturity of the third bill Raghu, sent the same for collection to his bank. The third bill was also dishonored by Devendra and the bank paid Rs 200 as noting charges. Five days after the dishonour of the bill Devendra paid the entire amount due to Raghu along with interest Rs 1,000 for this purpose Devendra obtained a short term loan from his bank. You are requested to record the necessary journal entries in the books of Raghu Devendra and Dewan and also prepare Devendra’s account in Raghu’s books and Raghu’s account in Devendra’s account.

Vinod sold goods to Darbara Singh for ₹ 1,000 on 1st January 2019. He drew on the latter a bill for the amount payable 3 months afteer date. Iie discounted the bill with his bank for ₹ 990 on 4th January, 2019. On maturity the bill is duly met. Make the journal entriese the books of Vinod and Darbara Singh.

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.

Amar sells goods to Bhola for ₹ 10,000 and draws upon him a bill for the amount payable 3 months after date. The bill is accepted by Bhola. Amar discounts the bill with his bankers at a discount of ₹ 150 inclusive of all charges. Bhola falls to meet this bill on maturity. Amar pays off his banker and his expenses amounting to ₹ 100 . Bhola gives a fresh bill, 2 months date to Amar for ₹ 10,250 which he met at maturity. Show the necessary Journal entries in Amar's books.

A drew upon B a bill for ₹ 60,000 at 2 months and B returned the bill duly accepted on 1st January , 2019. A discounted the bill with bank @ 15% p.a. Before the bill was due for payment, B informed A that he was not able to pay the full amount and requested A to accept ₹ 20,000 immediatelyj and draw upon hum another bill for the balance amount for 2 mounts along with interset @ 18% p.a. A agredd. the second bill was duly met. give the journal entries in the books of both A and B.

Rakesh draws a bill on Bhavesh for ₹ 20,000 on 4th september, 2018 payable after 4 months. Rakesh discounts the bill with the bank @ 12% p.a on 7 th October. The bill is dishonoured on the due date. Pass the necessary Journal entries in the books of Rakesh and Bhavesh if the bank ₹ 300 as noting charges ( Ignore GST)