Category: Chapter No. 15 – Bill of Exchange

Question No 44 Chapter No 15 Renewal of Bill 44. On 15th April 2019. A agrees t Draw on B who is his debtor for Rs 2,400 three bills of exchange No 1 for Rs 700 at one months ; No Read More …

Question No 43 Chapter No 15 Renewal of Bill 43. On 15th June,2018 Saksena Bros. owed Kapoor &Co RS 15,000. the latter drew upon the former two bills-one for Rs 10,000 payable two months after date and the other for Rs Read More …

Question No 42 Chapter No 15 Renewal of Bill 42.Suresh owed money to Brijesh and hence accepted two bills each for Rs 5,000 for the three months duration drawn on him by the latter on January 1,2019. Brijesh discounted one of Read More …

Question No 41 Chapter No 15 Renewal of Bill 41. Journalise the following transaction(a)Retired our acceptance in favor of Ram for Rs 5,000 by cheque Rs 2,000 and a new bill the balance at two months with Rs 125 as interest(b)Our Read More …

Question No 40 Chapter No 15 Renewal of Bill 40. Q drew a bill of exchange on P for Rs 4,000 on 1st May 2018 for 3 months. P returned the bill to Q after acceptance it. Q discounted the bill Read More …

Question No 39 Chapter No 15 Renewal of Bill 39. Mahesh sold goods of the value of Rs 2,000 to Naresh taking a bill for 3 months dated1st July,2017. on 4th August Mahesh discounted the bill at 6% p.a. with his Read More …

Question No 38 Chapter No 15 Renewal of Bill 38. B sends his promissory note for 3 months to C for Rs 6,000 on May 1,2018. C gets it discounted with his bankers @6 percent per annum. On the due date, Read More …

Question No 37 Chapter No 15 Renewal of Bill 37. X owed Y Rs 6,000 on 1st January 2018. on the same sate, Y drew upon X a bill for the amount for two months and X returned the bill duly Read More …

Question No 36 Chapter No 15 Renewal of Bill 36. Amar purchased goods worth of Rs 1,000 from Bimal of an.1,2019 and accepted a bill for one month drawn by Bimal for the same. Being Bimal unable to meet the bill Read More …

Question No 35 Chapter No 15 Renewal of Bill 35. On 1st April 2019. A purchased goods worth Rs 1,000 from B and accepted a bill of exchange for the amount for 2 months. On the 4th April, B got the Read More …