Bill of Exchang...

Kamal sold goods to Rahul to the value of Rs. 10000 drawing upon him a bill for the amount payable 3 months after date. Rahul accepted the bill returned it to Kamal. On due date Kamal presented the bill to Rahul who honored it What will be the Journal entry in the books of Kamal when the bill honoured

Naman received from Manik an acceptance for Rs.3000 on 1st September 2012 at 3 months. Naman got the acceptance discounted at 9% p.a from the bank. On the due date Manik paid the required amount. What will be the journal entry in the books of Manik when bill of exchange being given to Naman

A bill of 12000 was discounted by B with the banker for Rs.11880. At maturity the bill returned dishonored, noting charges Rs. 20. How much amount will the bank deduct from B bank balance at the time of such discount

On 1st Jan 2013 B sold goods to A for Rs.250. A gave to B his acceptance payable 1 month after date. Before maturity A request B to renew it which B does adding Rs.10 to the new Bill for interest. What will be the journal entry in the books of B when bill cancelled for renewal

On 1st Jan 2013 B sold goods to A for Rs. 250. A gave to B his acceptance payable 1 month after date. Before maturity A request B to renew it which B does adding Rs.10 to the new Bill for interest. What will be the journal entry when new boo drawn on A in place of old bill duly accepted by A

X draws a bill on Y for Rs.20000 for 3 months on 01.01.2012. The bill is discounted with the banker at a charge of Rs. 100. At maturity the bill returned dishonored. In the books of X for dishonor the bank account will be credited by