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Advertisement Question 32 Chapter 14 – Class 11 Unimax 32. X for mutual and temporary accommodation of himself and Y, draws upon the latter a bill of exchange at the three months for ₹ 3,000 dated 1 January Y accepts Read More …
Advertisement Question 31 Chapter 14 – Class 11 Unimax Amarnath drew on Parker a bill of Exchange for ₹ 1,00,000 on 1st January payable after three month from 1st January, which parker accepted. On 4th January, Amarnath discounted the bill Read More …
Advertisement Question 30 Chapter 14 – Class 11 Unimax 30. Yashpal owed money to Srinivas and hence accepted two bills each of 4,850 of three months. Duration drawn on him by Srinivas. On July 1, Srinivas endorsed one of the Read More …
Advertisement Question 29 Chapter 14 – Class 11 Unimax 29. A draws a bill for ₹ 3,000 and b accepts the same for the mutual accommodation of both of them to the extent of A 2/3 and B 1/3. A Read More …
Advertisement Question 28 Chapter 14 – Class 11 Unimax 28. X draws on Y, for the mutual accommodation of both a bill for ₹ 2,000 on 1st February at 3 months. X discounts the bill for ₹ 1,960 and remits Read More …
Advertisement Question 27 Chapter 14 – Class 11 Unimax 27. Shubham draws on Rajendra a bill for ₹ 45,000 on 1st June, 2019 for 3 months. Rajendra accepts the bill and sends it to Shubham who gets it discounted for Read More …
Advertisement Question 26 Chapter 14 – Class 11 Unimax 26. On Nov. 1, 2019, Sonia drew a bill on sunny for ₹ 15,000 for 3 months for mutual accommodation. Sunny accepts the bill and returns it to Sonia. Sonia discounted Read More …
Advertisement Question 25 Chapter 14 – Class 11 Unimax 25. A who is in need of funds, persuades B to help him by accepting an accommodation bill for ₹ 20,000 for three months. B accepted the bill on March 15, Read More …
Advertisement Question 24 Chapter 14 – Class 11 Unimax 24. A sold goods to B for ₹ 5,000 and drawn a bill on B for the same amount. Before the due date, B requests A to cancel the bill and Read More …
Advertisement Question 23 Chapter 14 – Class 11 Unimax 23. Y purchased goods for ₹ 6,000 on 1st June,2019 from the X and on the same date accepted a bill payable after three months. 3 days later, X endorsed the Read More …
Advertisement Question 22 Chapter 14 – Class 11 Unimax Nikhil sold goods for ₹ 23,000 to Akhil on Dec. 1, 2019. He drew upon Akhil a bill of exchange for the same amount payable after 2 months. Akhil accepted the Read More …
Advertisement Question 21 Chapter 14 – Class 11 Unimax On 1st January, 2020, Ram drew on Mohan, who is his debtor for ₹ 15,000 three bills of exchange. First for ₹ 4,000 at on month, second for ₹ 5,000 at Read More …
Advertisement Question 20 Chapter 14 – Class 11 Unimax 20. Ram owes ₹ 2,000 to Mohan on 1st January 2020. On this date, he accepted a draft for the amount for 3 months. Mohan got the bill discounted at his Read More …
Advertisement Question 19 Chapter 14 – Class 11 Unimax 19. A sells goods to B for ₹ 10,000 plus CGST and SGST @ 9% each. Vimal pays ₹ 1,800 in cash and accepts a bill on him for the balance Read More …
Advertisement Question 18 Chapter 14 – Class 11 Unimax 18. On 1st January, 2020 Mohan sold goods worth ₹ 6,000 to Sohan. On the same day Mohan gave his 2 months acceptance for the same. Mohan discounted the bill on Read More …
Advertisement Question 17 Chapter 14 – Class 11 Unimax 17. On 1st April,2019 Y accepts a bill drawn by X for two months for ₹ 5,000, in payment of debt. On the due date the bill is dishonoured and X Read More …
Advertisement Question 16 Chapter 14 – Class 11 Unimax 16. Dinesh draws a bill on Barun for ₹ 8,000. The bill is accepted by Barun. Show what entries would be passed in the book of Dinesh under each of the Read More …
Advertisement Question 15 Chapter 14 – Class 11 Unimax 15.On 13th June,2019 A receives two acceptance from B for ₹ 6,000 and 4,000 for two months and 3 months respectively. On 1st July,2019 both the bills were sent to bank Read More …
Advertisement Question 14 Chapter 14 – Class 11 Unimax 14. A sold goods to P on credit for ₹ 15,000 on 1st Sept.2019. P pays ₹ 5,000 immediately in cash and a three months acceptance for the balance. A endorses Read More …
Advertisement Question 13 Chapter 14 – Class 11 Unimax 13. On 1st January,2020 X sold goods to Y for ₹ 15,000, and immediately received from Y ₹ 5,000 in cash and the same date drew a bill on Y at Read More …
Advertisement Question 12 Chapter 14 – Class 11 Unimax 12. On 15th June, 2019, Mohan sold goods to Sohan valued at ₹ 2,000. He drew a bill at 3 months for the amount and discounted the same with his banker Read More …
Advertisement Question 11 Chapter 14 – Class 11 Unimax 11.on Jan.1,2020 Rahim sold goods to Zahir for ₹ 25,000 and drew upon her a bill at 3 months for the amount. Zahir accepted the bill and returned it to Rahim. Read More …
Advertisement Question 10 Chapter 14 – Class 11 Unimax 10. On 1st July,2019, Chander sold goods to Dinesh of the list price of ₹ 5,000 at 20% trade discount and on the same day drew a bill on Dinesh for Read More …
Advertisement Question 9 Chapter 14 – Class 11 Unimax 9.(when the bill is for collection). On 1st October 2019, X sells goods to Y for ₹ 25,000 plus IGST @ 18% and draws two bills of exchange on him: the Read More …
Advertisement Question 8 Chapter 14 – Class 11 Unimax 8. On 1st October,2019, X sells goods to Y for ₹ 8,000. On that date, Y accepted a bill drawn upon him by X at 2 months for ₹ 8,000. X Read More …
Advertisement Question 7 Chapter 14 – Class 11 Unimax 7. Mohan Singh draws a bill on Jagat for ₹ 1,000 payable 2 months after date. Immediately after its acceptance, Mohan Singh sends the bills to his bank for collection. On Read More …
Advertisement Question 6 Chapter 14 – Class 11 Unimax 6. A sold goods on credit to B for ₹ 5,000. A drew a 2 months bill on B who accepts and returns the same to A. A endorses the bill Read More …
Advertisement Question 5 Chapter 14 – Class 11 Unimax 5. R sold goods to S on credit for ₹ 10,000 on 1st Aug.,2020 and drew on him a 3 months bill for the amount. S gave his acceptance, R endorsed Read More …
Advertisement Question 4 Chapter 14 – Class 11 Unimax 4. A owes to B ₹ 1,000 for which he gives to B, a bill of exchange dated 18.5.2020 payable 5 months after date. B discounted the bill immediately at a Read More …
Advertisement Question 3 Chapter 14 – Class 11 Unimax 3. P drawn on q A bill of exchange for 3 months for ₹ 5,000 which Q accepts on 1.1.2020. the bill is discounted on 1.2.2020 for ₹ 4,950. Q meets Read More …
Advertisement Question 2 Chapter 14 – Class 11 Unimax 02. On 1.3.2020, A sold to B goods of the value of ₹ 10,000 for which A drew a bill on B for 3 months after sight. B accepted the bill Read More …
Advertisement Question 1 Chapter 14 – Class 11 Unimax 01. On 1.1.2020, X sold goods to Y for ₹ 5,000 for which X drew on Y a bill for 3 months after date. It was duly accepted by Y. X Read More …