Bills of Exchange Solution HSC ACCOUNTS MARCH 2019.


BILLS OF EXCHANGE BOARD PROBLEMS:

MARCH 2019: Pooja owes Sunil Rs. 50,000. Sunil draws a bill for Rs. 42,000 on Pooja for 3 months' period and received the cheque for the balance. The bill is duly accepted and returned to Sunil. On the Same date, Sunil endorsed Pooja's acceptance to Prema. 

On the due date, Prema informed Sunil that Pooja dishonoured her acceptance and paid Rs. 350 as noting charges. Sunil then drew new bill for one month on Pooja including noting charges and interest Rs. 1,200. On the due date Pooja honoured the bill by cheque. 

Prepare: Pass Journal Entries in the books of Sunil and prepare Sunil's account in the books of Pooja.

11 comments:

Anonymous said...

how many marks do i score if 4 journal entries are correct and ledger partially correct?

Unknown said...

In first entry i write
Cash a/c debit
Pooja a/c debit
To sale a/c
2nd Bill receivable a/c dr
To pooja a/c.
Kya yeh shi h

Unknown said...

8

Unknown said...

My ledger is wrong will i get marks?

Unknown said...

Sir accounts ki checking liberal hoti hai ki nahi

VARIL PEREIRA said...

How many marks i i will get if my journal entries are correct but ledger is totally wrong

Anonymous said...

8 marks as ledger carries only 2 marks

Unknown said...

One journal entry is wrong and one entry in ledger then how many marks would i get

Anonymous said...

1 mark will be deducted for journal entry and 1 for ledger so 8.

Anonymous said...

journal entries carry 8 marks and ledger 2 marks

Anonymous said...

Nahi

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