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On 1st ,January 2002 X sold goods to Y for Rs. 50000 @ 10%trade discount. On the same date X drew a bill on Y for the amount as 4 month which Y accepted. Y got the bill discounted with his banker for Rs. 40000.On the due date bill is dishonoured and bank paid Rs. 50 as nothing charges. Y Paid Rs 10000 in cash and accepted another bill for the balance along with interest Rs 100. On the due date of new bill. Y honoured his acceptance. Pass journal entries in the books of X and Y.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about On 1st ,January 2002 X sold goods to Y for Rs. 50000 @ 10%trade discount. On the same date X drew a bill on Y for the amount as 4 month which Y accepted. Y got the bill discounted with his banker for Rs. 40000.On the due date bill is dishonoured and bank paid Rs. 50 as nothing charges. Y Paid Rs 10000 in cash and accepted another bill for the balance along with interest Rs 100. On the due date of new bill. Y honoured his acceptance. Pass journal entries in the books of X and Y.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1st ,January 2002 X sold goods to Y for Rs. 50000 @ 10%trade discount. On the same date X drew a bill on Y for the amount as 4 month which Y accepted. Y got the bill discounted with his banker for Rs. 40000.On the due date bill is dishonoured and bank paid Rs. 50 as nothing charges. Y Paid Rs 10000 in cash and accepted another bill for the balance along with interest Rs 100. On the due date of new bill. Y honoured his acceptance. Pass journal entries in the books of X and Y.?.

Solutions for On 1st ,January 2002 X sold goods to Y for Rs. 50000 @ 10%trade discount. On the same date X drew a bill on Y for the amount as 4 month which Y accepted. Y got the bill discounted with his banker for Rs. 40000.On the due date bill is dishonoured and bank paid Rs. 50 as nothing charges. Y Paid Rs 10000 in cash and accepted another bill for the balance along with interest Rs 100. On the due date of new bill. Y honoured his acceptance. Pass journal entries in the books of X and Y.? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of On 1st ,January 2002 X sold goods to Y for Rs. 50000 @ 10%trade discount. On the same date X drew a bill on Y for the amount as 4 month which Y accepted. Y got the bill discounted with his banker for Rs. 40000.On the due date bill is dishonoured and bank paid Rs. 50 as nothing charges. Y Paid Rs 10000 in cash and accepted another bill for the balance along with interest Rs 100. On the due date of new bill. Y honoured his acceptance. Pass journal entries in the books of X and Y.? defined & explained in the simplest way possible. Besides giving the explanation of On 1st ,January 2002 X sold goods to Y for Rs. 50000 @ 10%trade discount. On the same date X drew a bill on Y for the amount as 4 month which Y accepted. Y got the bill discounted with his banker for Rs. 40000.On the due date bill is dishonoured and bank paid Rs. 50 as nothing charges. Y Paid Rs 10000 in cash and accepted another bill for the balance along with interest Rs 100. On the due date of new bill. Y honoured his acceptance. Pass journal entries in the books of X and Y.?, a detailed solution for On 1st ,January 2002 X sold goods to Y for Rs. 50000 @ 10%trade discount. On the same date X drew a bill on Y for the amount as 4 month which Y accepted. Y got the bill discounted with his banker for Rs. 40000.On the due date bill is dishonoured and bank paid Rs. 50 as nothing charges. Y Paid Rs 10000 in cash and accepted another bill for the balance along with interest Rs 100. On the due date of new bill. Y honoured his acceptance. Pass journal entries in the books of X and Y.? has been provided alongside types of On 1st ,January 2002 X sold goods to Y for Rs. 50000 @ 10%trade discount. On the same date X drew a bill on Y for the amount as 4 month which Y accepted. Y got the bill discounted with his banker for Rs. 40000.On the due date bill is dishonoured and bank paid Rs. 50 as nothing charges. Y Paid Rs 10000 in cash and accepted another bill for the balance along with interest Rs 100. On the due date of new bill. Y honoured his acceptance. Pass journal entries in the books of X and Y.? theory, EduRev gives you an ample number of questions to practice On 1st ,January 2002 X sold goods to Y for Rs. 50000 @ 10%trade discount. On the same date X drew a bill on Y for the amount as 4 month which Y accepted. Y got the bill discounted with his banker for Rs. 40000.On the due date bill is dishonoured and bank paid Rs. 50 as nothing charges. Y Paid Rs 10000 in cash and accepted another bill for the balance along with interest Rs 100. On the due date of new bill. Y honoured his acceptance. Pass journal entries in the books of X and Y.? tests, examples and also practice B Com tests.