Question

Q. No. 6. (Bill is discounted from Bank)
On Ist Jan, 2006 Satish sold goods to Manish worth 4,000. On that date Manish h accepted a billdrawn
tish at 3 months for the amount. On the same day Satish discounted it from the bank at 15% p.a. Manish paid tre
te.Pass the journal entries in the books of Drawer and Drawee.
Q. No. 7. (Bill is discounted from Bank)
wood
On Ist April, 2005, Sharma received an acceptance for 6,000 from Pathania. The bill is payable after three months
harma got the acceptance discounted at 9% per annum at his bank. On the due date the bill was paid by Pathana
Give journal entries in the books of Sharma and Pathania.
Q. No. 8. (Bill is endorsed)
Sehgal owed 3,100 to Gill. On 15th July, 2010 he accepted a bill for 3,000 for one month drawn by Gill int
settlement of his debt. On 18th July, 2010 Gill endorsed the bill to his creditor Chander. The bill was duly met on the dai
maturity. Pass journal entries in the books of drawer, drawee and endorsee.
Q. No. 9. (Bill is endorsed)
Amrit sold goods worth 7 8,000 to Basant on credit on Ist April, 2010 and on the same date drew a bill on Bas
Pass journal entries in the books of Amrit, Basant and Chander.
Q. No. 10. (Bill sent to bank for collection)
to a
bill dra​

Answer 1

Answer:

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