Advertisement

Question 2 Chapter 14 – Class 11 Unimax

Question 2 Chapter 14 – Class 11 Unimax

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 on 10.3.2020. On the due date, the bill was honoured. Pass journal entries in the books of A and B.

The solution of Question 2 Chapter 14 – Class 11 Unimax

Journal for Mr. ‘A’ (Drawer)
DateParticulars
L.F.DebitCredit
2020     
Mar.1B’s A/cDr. 10,000 
 To Sales A/c   10,000
 (Being goods sold on credit)   
      
Mar.10Bill Receivable A/cDr. 10,000 
 To B’s A/c   10,000
 (Being the bill for three months drawn and accepted)   
      
June.13Cash A/cDr. 10,000 
 To Bill receivable A/c   10,000
 (Being the bill honoured on the due date)   

 

 Journal for Mr. ‘B’ (Drawee)
DateParticulars
L.F.DebitCredit
2020     
Mar.1Purchases A/cDr. 10,000 
 To A’s A/c   10,000
 (Being goods purchased on credit from A)   
      
Mar.10A’s A/cDr. 10,000 
 To Bill payable A/c   10,000
 (Being the bill for accepted for 3 months and returned)   
      
June.13Bill payable A/cDr. 10,000 
 To Cash A/c   10,000
 (Being the bill met on due date)   

 

End of Solution


Check Out the Solution of all questions for this chapter:

The solutions to all questions of Chapter 14 – Bills of Exchange Unimax – Class 11 are shown as follows, click on the image of the question to get the solution.

Question 7 Chapter 14 – Class 11 Unimax 

Advertisement

Question 19 Chapter 14 – Class 11 Unimax

Advertisement

Question 31 Chapter 14 – Class 11 Unimax

Advertisement

1. Comprehensive Solutions for All Chapters of Advanced Accountancy I Class 11 by Unimax

UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy I Part 1 in Class 11. With their meticulously curated study material, students can access comprehensive solutions to all the questions included within each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 11 examinations.

2. Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you’re a student enrolled in the Punjab School Education Board Class 11, it’s essential to explore a wide range of books to cover the syllabus thoroughly. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to a variety of writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.

Advertisement

Leave a Reply

Your email address will not be published. Required fields are marked *