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of Bill in Different Cases 1st July, 2020 Kumar Gaurav drew a bill on Chanky Pandey for ₹ 2,000 pa onths. Chanky Pandey accepted it and returned to Kumar Gaurav. The bill was he due date. Show what entries would be passed in the books of Kumar Gaurav at andey under each of the following conditions : If Kumar Gaurav keeps the bill with him till the due date. If Kumar Gaurav discounts the bill with his banker for ₹ 1,950. i) If Kumar Gaurav endorses the bill to his creditor, Sanjay Dutt in full settl. If Kumar Gaurav sends the bill to the Bank for collection. Jan. 3, 2020 Arun sold goods for ₹ 30,000 to Sunil. of the payment mediately by Sunil on which Arun allowed a cash discount of . For the balane rromissory note in favour of Arun payable after 20 days. Since, the date of ma a a public holiday, Arun presented the bill on a day, as per the provisions o trument Act which was met by Sunil. State the date on which the bill was in for payment and Journalise the above transactions in the books of Arun
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Question Text | of Bill in Different Cases
1st July, 2020 Kumar Gaurav drew a bill on Chanky Pandey for ₹ 2,000 pa onths. Chanky Pandey accepted it and returned to Kumar Gaurav. The bill was he due date. Show what entries would be passed in the books of Kumar Gaurav at andey under each of the following conditions :
If Kumar Gaurav keeps the bill with him till the due date.
If Kumar Gaurav discounts the bill with his banker for ₹ 1,950.
i) If Kumar Gaurav endorses the bill to his creditor, Sanjay Dutt in full settl. If Kumar Gaurav sends the bill to the Bank for collection.
Jan. 3, 2020 Arun sold goods for ₹ 30,000 to Sunil. of the payment mediately by Sunil on which Arun allowed a cash discount of . For the balane rromissory note in favour of Arun payable after 20 days. Since, the date of ma a a public holiday, Arun presented the bill on a day, as per the provisions o trument Act which was met by Sunil. State the date on which the bill was in for payment and Journalise the above transactions in the books of Arun
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Updated On | Feb 9, 2023 |
Topic | Work, Energy and Power |
Subject | Physics |
Class | Class 11 |
Answer Type | Video solution: 1 |
Upvotes | 88 |
Avg. Video Duration | 2 min |