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On March 4, 2020, A purchased from B goods for Rs. 50,000. A paid 40% immediately and for the balance accepted a Bill payable after 30 days. B immediately endorsed the Bill in favour of his creditor C for the full settlement of a debt of Rs. 31,000. On the due date the bill was dishonoured and C paid Rs. 100 as noting charges. Record the necessary journal entries in the books of B and C for the above transactions? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared
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Here you can find the meaning of On March 4, 2020, A purchased from B goods for Rs. 50,000. A paid 40% immediately and for the balance accepted a Bill payable after 30 days. B immediately endorsed the Bill in favour of his creditor C for the full settlement of a debt of Rs. 31,000. On the due date the bill was dishonoured and C paid Rs. 100 as noting charges. Record the necessary journal entries in the books of B and C for the above transactions? defined & explained in the simplest way possible. Besides giving the explanation of
On March 4, 2020, A purchased from B goods for Rs. 50,000. A paid 40% immediately and for the balance accepted a Bill payable after 30 days. B immediately endorsed the Bill in favour of his creditor C for the full settlement of a debt of Rs. 31,000. On the due date the bill was dishonoured and C paid Rs. 100 as noting charges. Record the necessary journal entries in the books of B and C for the above transactions?, a detailed solution for On March 4, 2020, A purchased from B goods for Rs. 50,000. A paid 40% immediately and for the balance accepted a Bill payable after 30 days. B immediately endorsed the Bill in favour of his creditor C for the full settlement of a debt of Rs. 31,000. On the due date the bill was dishonoured and C paid Rs. 100 as noting charges. Record the necessary journal entries in the books of B and C for the above transactions? has been provided alongside types of On March 4, 2020, A purchased from B goods for Rs. 50,000. A paid 40% immediately and for the balance accepted a Bill payable after 30 days. B immediately endorsed the Bill in favour of his creditor C for the full settlement of a debt of Rs. 31,000. On the due date the bill was dishonoured and C paid Rs. 100 as noting charges. Record the necessary journal entries in the books of B and C for the above transactions? theory, EduRev gives you an
ample number of questions to practice On March 4, 2020, A purchased from B goods for Rs. 50,000. A paid 40% immediately and for the balance accepted a Bill payable after 30 days. B immediately endorsed the Bill in favour of his creditor C for the full settlement of a debt of Rs. 31,000. On the due date the bill was dishonoured and C paid Rs. 100 as noting charges. Record the necessary journal entries in the books of B and C for the above transactions? tests, examples and also practice Class 11 tests.