Give the Joural entries for the following
(a) B's acceptance to us for ₹ 1,000 due this day, renewed at his request for 3 months with interset @ 6% P.a.
(b) Our bill to Chandra for ₹ 5,000 reneward for 2 months with interest @ 6% p.a.
( c) B's acceptance of ₹ 3,000 is discharged on his paying us cash ₹ 1,000 and accepting a fresh bill for the balance with interest ₹ 100.

Find the banker's discount at a bill of 12750 due four months hence when rate of interest is 6% per annum.

How will you record the following of transactions in the books of Kapadai ? (a) A bill received from Dalpat for ₹ 1000 has to be renewad, Dalpat agress to pay ₹ 20 as interset. (b) Swamy's bill for ₹ 800 endorsed in favour of Ghosh dishonoured, Ghosh pays ₹ 10 as noting charges. Swamy pays ₹ 300 immediately and agrss to accept a new bill for 3 months for the balance together with together withg interest at 6% p.a. Ghosh's Accont is settled by cheque.

Record necessary Journal entries in the following cases : (a) Creditors worth ₹ 85,000 accepted ₹ 40,000 as cash and investment worth ₹ 43, 000 in full settlement of their claim . (b) Creditors were ₹ 16,000 . They accepted Machinery valued at ₹ 18,000 in settlement of their claim. (c) Creditors were ₹ 90,000 . They accepted Building valued at ₹ 1,20,000 and paid cash to the firm 30,000.

A partner withdraws Rs.8,000 each on 1st April and 1st Oct. Interest on his drawings @6% p.a. on 31st on March will be :

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.

A sold goods to B 1st september , 2018 for ₹ 16,000. B immediately accepted a 3 months bill. On the due date , B requested that the bill be renewed for a further period of 2 months. A agreed provided interset at 9% p.a. wa paid immediately in cash. To this B was agreeable. make the necessary Journal entries to record these transactions in the books of both 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.

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.