अब बिल On Jan. 3, 2018 Arun sold goods for 30,000 to Sunil, 50% of the payment was made immediately by Sunil on Which Arun allowed a cash discount of 2%. For the balance Sunil drew a promissory note in favour of Arun payable after 20 days. Since the date of maturity of bill was a public holiday, Arun presented the bill on a day, as per the provisions of Negotiable Instrument Act which was met by Sunil. State the date on which the bill was presented by Arun for payment and Journalise the above transactions in the books of Arun and Sunil. Ans. Date of Presentation of Promissiory Note 25th Jan., 2018.)
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Answer:
On Jan, 01,2006 Arun sold goods for Rs. 30,000 to Sunil. 50% of the payment was made immediately by Sunil on which Arun allowed a cash discount of 2%. For the balance Sunil drew a promissory note in favour of Arun payable after 20 days. Since the date of maturity of bill was a public holiday. Arun presented the bill on a day, as per the provisions of Negotiable Instrument Act which was met by Sunil. State the date on which the bill was presented by Arun for payment and Journalise the above transactions in the books of Arun and Sunil.Read more on Sarthaks.com - https://www.sarthaks.com/597226/on-jan-2006-arun-sold-goods-for-30-000-sunil-50-of-the-payment-was-made-immediately-by-sunil
Answer:
On Jan, 01,2006 Arun sold goods for Rs. 30,000 to Sunil. 50% of the payment was made immediately by Sunil on which Arun allowed a cash discount of 2%. For the balance Sunil drew a promissory note in favour of Arun payable after 20 days. Since the date of maturity of bill was a public holiday. Arun presented the bill on a day, as per the provisions of Negotiable Instrument Act which was met by Sunil. State the date on which the bill was presented by Arun for payment and Journalise the above transactions in the books of Arun and Sunil.Read more on Sarthaks.com - https://www.sarthaks.com /597226/on-jan-2006-arun-sold-goods -for-30-000-sunil-50-of-the-payment-was -made-immediately-by-sunil
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