Y owes X ₹ 4,000 on 1st January 2019 Y accepts a 3 months bill for ₹ 3,900 in satisfaction of his full claim . On the same date it was endorse d by X to Z is satisfaction of his claim of ₹ 3,980 , the billis dishonourd in the due date. Give the journal enries in hte books of X.

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.

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.

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.

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 April 2019 , Ram sold goods to Mohan for ₹ 50,000 . On the same date, Mohan accepted a bill drawn upon him by Ram at 3 months for ₹ 50,000. on the due date, the bill was met. Give the journal entries in the books of both the parties (Ignore GST).

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.

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.

X sells goods for ₹ 40,000 to Y on 1st January , 2019 and on the same day draws a bill on Y at three months for the amount. Y acceopts it and returns it to X, who discounted it on 4th January , 2019 with his bank at 6%p.a.. The accepteance is dishonoured on the due date and the noting charges were paid by bank being ₹ 200. On 4th April 2019, Y accepts a new bill at three months for the amount then due to X togther with interset at 12% p.a. Make Journal to record these transcations in the books of X.

X draws a bill on Y for ₹ 2,000 on 1st January , 2019 Y accepts the same and returns it to X. the bill was drawn by X in full settlement of a dept owing by amounted to ₹ 2,050. X discunts the bill on the same with Central Bank of India for ₹ 1,980. on maturity the bill was duly met by Y. Give the entries in the books af X and Y. Suppose the bill is dishonoured , what entries will be passed ?

On 1st January, 2019 , Rolly owed ₹ 50,000 to Polly. On 1st February, he accepted a draft for 3 months drawn on him by Polly for the amount. On the due date, the bill was dishonoured the noting charges being ₹ 500. pass the journal entries in the books of polly in each of the following cases : (i) Bill is held till maturity by polly. (ii) Polly endorses the bill in favour of Golly immediately and (iii) Bill is discounted with the bank at 12% p.a. immediately.