Amar sells goods to Bhola for ₹ 10,000 plus CGST and SGST @ 9% each. He receives the GST amount in cash and draws upoon Bhola . Amar discounts the bills with his bank 3 months after date. The bill is accepted by Bhola. Amar discounts the bill on maturity. Amar pays off ₹ 150 inclusive of all charges. Bhola fails to meet this bill on maturity. Amar pays off his bank and his expenses amounting to ₹ 100 . Bhola gives a fresh bill of 2 month's date to Amar for ₹ 10,250 which he meets at maturity. show necessary Journal entries in Amar's books.

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.

Discounting Of Bills

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.

Maturity Of Bills

A sells goods of ₹ 10,000 on 1st March, 2019 to B on credit. B accepts a bill on the same date for the amount payable three months after date. A discounts the bill at 6% p.a. from bank on 4th April.On maturity, the bill is met by B. Pass the necessary Journal entries in the books of both the parties.

Amar sold goods for ₹ 50,000 to Bhaskar on 1st January, 2019 and on the same day he drew a bill on Bhaskar at three at three monthsfor the amount . The bill is duly accepted but is dishonoured on the due date. Amar pays ₹ 1,000 as noting charges. Record these transactions in the journals of Amar and Bhaskar. ( Ignore GST)

A sells goods to B for ₹ 10,000 plus CGST and SGST @ 9% eacyh. B pay ₹ 1,800 in cash and accepts a bill for the balanc amount for 3 months. Before the due date, B requests A to cancel the bill and to accept ₹ 3,000 as part payment and to draw a fresh bull on him for ₹ 7,200 for a futher period of 2 months-- ₹ 200 being the interset for the extended period. A agress to the proposal . the new bill is duly honourd. the extended period. A agress to the proposal. hte new bull is duly honoured. Pass necessary Journal entries and other party's account in the books of both the parties.

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.