Chapter No. 15 – Bills of Exchange – USHA Publication Class +1 – Solution

Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution

What is a Bill of exchange?

A bill of exchange is an instrument that contains a promise to pay some amount of money to a certain person after a certain period of time. It is generally drawn by the creditor(maker or drawer) on his debtor(acceptor or drawee) and the debtor gives the acceptance that he will pay the money to the maker(drawer) after some certain period or a specific date. It should be accepted by the person to whom it is created or by another person on his/her behalf. Without acceptance, this document doesn’t have any value.

Definition: –

“A bill of exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument.”

-Section 5 of India’s Negotiable Instruments Act, 1881

Check out the full article: –

Bill of exchange (BOE): Meaning and Examples

Chapter No. 15 – Bills of Exchange – USHA Publication Class +1 – Solution

Question wise solution of the all Questions of Chapter No. 15 – Bills of Exchange – USHA Publication Class +1 – Solutions are shown below: –

Q 01 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 01 Chapter No 15 Determination of Due Date 1. Calculate the due dates of the bills in the ...
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Q 02 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 02 Chapter No 15 Determination of Due Date 2. Find out the due dates of the following: (i) ...
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Q 03 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 03 Chapter No 15 Bill Retained till due date 3. Dutta sold goods to Kumar for Rs 5,000 ...
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Q 04 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 04 Chapter No 15 Bill Retained till due date 4. On 1st January 2018, A sold goods to ...
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Q 05 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 05 Chapter No 15 Bill Retained till due date 5. On 30th November 2018, Mamta Drawn on Mayawati ...
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Q 06 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 06 Chapter No 15 Bill Retained till due date 6. Antony dawns a bill on Patil for Rs ...
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Q 07 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 07 Chapter No 15 Bill Retained till due date 7. Ashaq drawn a bill of exchange on Malvika ...
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Q 08 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 08 Chapter No 15 Discounting of Bill 8. On 1st July 2018, ram sold goods to Manoj Rs ...
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Q 09 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 09 Chapter No 15 Discounting of Bill 9. Jimmy sold goods to Johny for Rs 2,000 on credit ...
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Q 10 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 10 Chapter No 15 Discounting of Bill 10. Dolly sold goods to Saira for Rs 12,000 on 1st ...
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Q 11 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 11 Chapter No 15 Discounting of Bill 11. Renuka owes Vipasha Rs 4,000. on 1st May 2017, Vipasha ...
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Q 12 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 12 Chapter No 15 Endorsement of Bill 12. Sohal sold goods to Arbaz for Rs 2,000 on 1st ...
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Q 13 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 13 Chapter No 15 Endorsement of Bill 13. On 15th August 2017. a sold goods to B for Rs ...
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Q 14 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 14 Chapter No 15 Bill Sent For Collection 14. Shiv Gupta a three months bill of Rs 7,500 on ...
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Q 15 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 15 Chapter No 15 Bill Sent For Collection 15.A drawas a bill on B on Jan. 1,2018 for Rs ...
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Q 16 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 16 Chapter No 15 Alternatives available with Drawer 16. A bill for Rs 8,000 is drawn by B on ...
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Q 17 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 17 Chapter No 15 Alternatives available with Drawer 17. Subhash Ghai Sold goods to Parkash Mehra for Rs 10,000 ...
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Q 18 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 18 Chapter No 15 Alternatives available with Drawer 18. Neha sold goods of Rs 7,000 to Chanda. On 1st ...
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Q 19 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 19 Chapter No 15 Alternatives available with Drawer 19. Jasdev Singh sold goods o Hardev Singh on 1st February ...
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Q 20 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 20 Chapter No 15 Alternatives available with Drawer 20. On 1st April 2018, X sold goods to Y worth ...
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Q 21 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 21 Chapter No 15 Alternatives available with Drawer 21. Ravinder Kaur sold goods to Harjinder Kaur for Rs 20,000 ...
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Q 22 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 22 Chapter No 15 Retiring a bill under Rebate 22. On August 1, 2018, Pandya draws a bill ...
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Q 23 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 23 Chapter No 15 Retiring a bill under Rebate 23. On May 11,2017, Jackson draws a bill on ...
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Q 24 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 24 Chapter No 15 Alternatives available with Drawer 24. On 1st January 2019 Dada sold goods to Bhai for ...
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Q 25 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 25 Chapter No 15 Dishonour of Bill 25. Hema owes Rs 18,000 to Lata on 1st January 2018 for ...
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Q 26 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 26 Chapter No 15 Dishonour of Bill 26. Sunny drew a 4 months bill on Dharam for Rs 15,000 ...
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Q 27 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 27 Chapter No 15 Dishonour of Bill 27. On January 1,2019 Asha sold goods to Bhanu for Rs 8,000 ...
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Q 28 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 28 Chapter No 15 Dishonour of Bill 28. On 1st January 2018 Dev Raj sold good to Sita ram ...
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Q 29 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 29 Chapter No 15 Dishonour of Bill 29. On 1st January 2019 Narendra Draws a bill on Rajendra for ...
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Q 30 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 30 Chapter No 15 Dishonour of Bill 30. For the goods supplied on 1st January 2017 Gab=nesh Draws a ...
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Q 31 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 31 Chapter No 15 Dishonour of Bill 31. As receives three bills from B date 1st January 2018 for ...
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Q 32 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 32 Chapter No 15 Dishonour of Bill 32. A owed B Rs 4,000. A accepted a bill of exchange ...
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Q 33 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 33 Chapter No 15 Renewal of Bill 33. Before the due date of bill for Rs 3,000(a)X, the acceptance ...
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Q 34 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 34 Chapter No 15 Renewal of Bill 34. Deepak sold goods to Gupta on 1st September 2018 for Rs ...
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Q 35 CH 15 USHA 1 Book 2020 Solution min 1 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 35 Chapter No 15 Renewal of Bill 35. On 1st April 2019. A purchased goods worth Rs 1,000 from ...
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Q 36 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 36 Chapter No 15 Renewal of Bill 36. Amar purchased goods worth of Rs 1,000 from Bimal of an.1,2019 ...
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Q 37 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 37 Chapter No 15 Renewal of Bill 37. X owed Y Rs 6,000 on 1st January 2018. on the ...
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Q 38 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 38 Chapter No 15 Renewal of Bill 38. B sends his promissory note for 3 months to C for ...
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Q 39 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 39 Chapter No 15 Renewal of Bill 39. Mahesh sold goods of the value of Rs 2,000 to Naresh ...
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Q 40 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 40 Chapter No 15 Renewal of Bill 40. Q drew a bill of exchange on P for Rs 4,000 ...
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Q 41 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 41 Chapter No 15 Renewal of Bill 41. Journalise the following transaction(a)Retired our acceptance in favor of Ram for ...
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Q 42 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 42 Chapter No 15 Renewal of Bill 42.Suresh owed money to Brijesh and hence accepted two bills each for ...
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Q 43 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 43 Chapter No 15 Renewal of Bill 43. On 15th June,2018 Saksena Bros. owed Kapoor &Co RS 15,000. the ...
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Q 44 CH 15 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 15 - Bills of Exchange - USHA Publication Class +1 - Solution
Question No 44 Chapter No 15 Renewal of Bill 44. On 15th April 2019. A agrees t Draw on B who ...
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