Wednesday, March 6, 2019

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.

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27 comments:

  1. Anonymous07 March, 2019 18:23

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

    ReplyDelete
  2. Unknown07 March, 2019 22:05

    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

    ReplyDelete
    Replies
    1. Anonymous08 April, 2019 13:07

      Nahi

      Delete
    2. Unknown02 January, 2020 18:23

      No... moreover how can it be cash if balance is paid by cheque...

      Delete
  3. Unknown07 March, 2019 23:47

    My ledger is wrong will i get marks?

    ReplyDelete
  4. Unknown07 March, 2019 23:48

    Sir accounts ki checking liberal hoti hai ki nahi

    ReplyDelete
  5. VARIL PEREIRA08 March, 2019 12:01

    This comment has been removed by the author.

    ReplyDelete
    Replies
    1. Anonymous08 March, 2019 13:11

      8 marks as ledger carries only 2 marks

      Delete
  6. Unknown08 March, 2019 13:30

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

    ReplyDelete
    Replies
    1. Anonymous08 March, 2019 14:14

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

      Delete
  7. Anonymous08 March, 2019 14:16

    journal entries carry 8 marks and ledger 2 marks

    ReplyDelete
  8. Anonymous09 October, 2019 17:05

    Why is noting charges and intrest credited in pooja's book sunil's account the entry is
    Sunil's account Dr
    Noting charges account Dr
    Intrest account Dr
    To bills payable account
    so how is the posting to the credit of sunil's account

    ReplyDelete
  9. All you need to know17 November, 2019 20:23

    This comment has been removed by the author.

    ReplyDelete
  10. Unknown19 December, 2019 10:25

    From where did u get at first bank account 8000?

    ReplyDelete
  11. pawan gujar04 January, 2020 01:10

    Total of Dr.side of ledger is written as 93550 but how ??
    Their is a difference of 200...

    ReplyDelete
  12. Anonymous07 January, 2020 23:21

    Sir how to know that interest will given debit Or credit

    ReplyDelete
  13. Unknown27 February, 2020 18:17

    Is it compulsory to draw ledger if not asked in sum

    ReplyDelete
  14. Unknown28 February, 2020 17:34

    No..

    ReplyDelete
  15. Unknown29 February, 2020 17:12

    If date has been not written from us than how many marks will be deducted.

    ReplyDelete
  16. Anonymous02 March, 2020 01:11

    how does the balance bd came in ledger

    ReplyDelete
  17. Unknown02 March, 2020 06:49

    Why interest is credited in journal entries

    ReplyDelete
  18. Unknown17 September, 2020 05:07

    How does noting charges appear separately on the the credit side of ledger?

    ReplyDelete

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