Question No 44 Chapter No 16 44. Amar sells goods to Bhola for 10,000 plus CGST and SGST @ 9% each. He receives the GST amount in cash and draws upon Bhola a bill for the balance amount payable 3 Read More …
Question No 43 Chapter No 16 43. On 1st January 2018, Mr X sold goods to Mr Y for 45,000 plus CGST and SGST @ 9% each on credit. Mr Y paid the amount of GST immediately in cash. Mr Read More …
Question No 42 Chapter No 16 42. 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 Read More …
Question No 41 Chapter No 16 41. Y purchased goods for 6,000 on 1st June, 2011 from X and on the same date accepted a bill payable after three months. 3 days later, X endorsed the bill to Z. On Read More …
Question No 40 Chapter No 16 40. How will you record the following transactions in the books Kapadia? a A bill received from Dalpat for 1,000 has to be renewed, Dalpat agrees to pay 20 as interest. b Swamy’s bill Read More …
Question No 39 Chapter No 16 39. Leena sold goods to Meena on 1st March 2009 for 68,000 and drew two Bills of Exchange of the equal amount upon Meena payable after three months. Leena immediately discounted the first bill Read More …
Question No 38 Chapter No 16 38. Give the Journal entries for the following:a B’s acceptance to us for 1,000 due this day, renewed at his request for 3 months with interest @ 6% p.a. b Our bill to Chandra Read More …
Question No 37 Chapter No 16 37. ‘B’ being unable to meet his acceptance for 2,000 due on 15th June, approaches the Drawer ‘A’ who is in possession of the bill on 30th June, with the request to receive 800 Read More …
Question No 36 Chapter No 16 36. 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 Read More …
Question No 35 Chapter No 16 35. An owed B 400. A accepted a Bill of Exchange at 3 months for this amount which B discounted for 380. Give the necessary Journal entries in the books of A and B Read More …