A purchases goods worth ₹ 6,200 from B and gives him his acceptance for ₹ 6,000 in full satisfaction. B purchases goods worth ₹ 10,000 from C and endorses the bill to him, paying the balance by cheque.on maturtiy the bill is dishonoured , noting charges amounted to ₹ 100.
Give the Journal entries in the books at A,B and C.

Mohan owes Shynam ₹ 6,000. Mohan accepts a three months bill for ₹ 5,900 being in full settlement of the claim on 1st January 2019. on its due the bill is dishonoured settlement of the claim on 1st 2019. On its due date the bill is dishonoured Noting charges are paid by Shyam ₹150. give the journal entries in the books of Mohan.

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, 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.

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, 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.

Y Purchased goods for ₹ 6000 on 1st June , 2011 from Xand on the same date accepted a bill payable after three months. 3 days later, X endorsed the bill to Z. on maturity, the bill was dishonoured for non-payment and Z had to pay ₹ 50 as noting charges. Two days after the dishonour of bill, Y paid ₹ 2000 to X and requested hinm to draw a second bill for the balance plus ₹ 90 for the amount of interset, payable after two months. X accepted the proposal and draws the bill on Y, which was accepted by Y and was duly met on maturity. pass Journal entries for the above transactions in the of X.

On 1st october, 2018, X sells goods to Y for ₹ 25,000 plus IGST @ 18 % and draws tow bills of exchange on him: the first for ₹ 15,000 fo 2months and second for the balance for 3 months. Y accepts and returns these bills to X. Both the bills are sent to the bank for collection. in due course , X receives the infrormation from the bank that the bill for 15,000 had been duly met and the other bill has been dishonoured. Noting charges paid on the dishonour of the second bill are ₹ 500. pass Journal entries in the books of X.

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, Amrit sold goods to Bhanu for ₹ 50,000 and on the same day drew upon him a bill at 3 months fot he amount. Bhanu accepted the bill and returned it to Amrit. On 4th January , 2019 Amrit discounted the bill with his bank at ₹ 49,000. on the due date, the bill was dishonoued and bank paid ₹ 1,000 as noting chares. Pass the neccessary Journal entries in the books of Amrit and Bhanu.

Anupam draws a bill on Bhanu for ₹ 20,000 on 10th January m 2019 for three months. Bhanu accepts the bill on 11th janunry, 2019 and returns the same to Anupam anupam endorsed the bill to Chaman endorsed it to Dewan on the same date . Dewan discounted the bill with hus bank @ 12% p.a. on 14th February. on the due date , the bill is dishonoured and noting charges paid by bank were ₹ 600. pass the necessary journal entries in the bools of all the parties ( except bank) assuming that the bill is taken up and paid by Anupam to Dewan's bank on dishonour.