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.

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.

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.