Q.No.:-5 On 1st March 2015, Amit drew three bills of exchange on his
debtor Shyam. First for Rs. Rs. 7000 for 1 month, second for Rs. 8,000
for two months and third for Rs. 10,000 for 4 months. Shyam accepted
these bills.
Amit endorsed the first bill to his creditor, Ram in full settlement of his
account Rs. 7,100. This bill was met on maturity on 1st April, amit
discounted the second bill from his bank for Rs. 7,800. This bill was
dishonoured on due date and bank paid Rs. 100 towards noting
charges. Amit drew another bill on shyam for the amount due along with
Rs. 200 towards interest for 2 months for which shyam agreed.
The third bill was paid by shyam under rebate of 12% p.a. One month
prior to date of maturity. The fourth bill was lodged with bank for
collection and it was duly met. Pass neccessary Journal entries in the
books of amit and shyam.
Answers
Answered by
1
Answer:
\huge\sf\red{A}\orange{N}\green{S}\blue{W}{E}\pink{R}
kejari and Rahul are partners in a firm sharing profits in the ratio of 6:4 .Lalu was admitted in the partnership . Kejari surrendered 1/6th of his share and rahul 1/4th of his share on favour of Lalu . Calculate new & sacrificing ratio
099
Similar questions