CA Foundation Exam  >  CA Foundation Questions  >  For mutual accommodation, draws a bill for t ... Start Learning for Free
For mutual accommodation, draws a bill for t 3.000 on Ratan. Rahim discounted it for 2.925. He remits 975 Ratan. On the due date, Rahim is unable to remit his ques to Raton to enable him to meet the bill. He however, accepts a bill for 3,750 which Ratan discounts for 3,625. Ratan sends & 175 to Rahim after discounting the above bill. Rahim becomes insolvent and a dividend of 80 paise in the rupee is received from his estate. Pass the necessary journal entries in the books of both the parties.?
Most Upvoted Answer
For mutual accommodation, draws a bill for t 3.000 on Ratan. Rahim dis...
The 3,625 to Rahim and receives 125 from him. However, Rahim is still unable to remit his dues to Ratan.
Explore Courses for CA Foundation exam

Similar CA Foundation Doubts

For mutual accommodation, draws a bill for t 3.000 on Ratan. Rahim discounted it for 2.925. He remits 975 Ratan. On the due date, Rahim is unable to remit his ques to Raton to enable him to meet the bill. He however, accepts a bill for 3,750 which Ratan discounts for 3,625. Ratan sends & 175 to Rahim after discounting the above bill. Rahim becomes insolvent and a dividend of 80 paise in the rupee is received from his estate. Pass the necessary journal entries in the books of both the parties.?
Question Description
For mutual accommodation, draws a bill for t 3.000 on Ratan. Rahim discounted it for 2.925. He remits 975 Ratan. On the due date, Rahim is unable to remit his ques to Raton to enable him to meet the bill. He however, accepts a bill for 3,750 which Ratan discounts for 3,625. Ratan sends & 175 to Rahim after discounting the above bill. Rahim becomes insolvent and a dividend of 80 paise in the rupee is received from his estate. Pass the necessary journal entries in the books of both the parties.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about For mutual accommodation, draws a bill for t 3.000 on Ratan. Rahim discounted it for 2.925. He remits 975 Ratan. On the due date, Rahim is unable to remit his ques to Raton to enable him to meet the bill. He however, accepts a bill for 3,750 which Ratan discounts for 3,625. Ratan sends & 175 to Rahim after discounting the above bill. Rahim becomes insolvent and a dividend of 80 paise in the rupee is received from his estate. Pass the necessary journal entries in the books of both the parties.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for For mutual accommodation, draws a bill for t 3.000 on Ratan. Rahim discounted it for 2.925. He remits 975 Ratan. On the due date, Rahim is unable to remit his ques to Raton to enable him to meet the bill. He however, accepts a bill for 3,750 which Ratan discounts for 3,625. Ratan sends & 175 to Rahim after discounting the above bill. Rahim becomes insolvent and a dividend of 80 paise in the rupee is received from his estate. Pass the necessary journal entries in the books of both the parties.?.
Solutions for For mutual accommodation, draws a bill for t 3.000 on Ratan. Rahim discounted it for 2.925. He remits 975 Ratan. On the due date, Rahim is unable to remit his ques to Raton to enable him to meet the bill. He however, accepts a bill for 3,750 which Ratan discounts for 3,625. Ratan sends & 175 to Rahim after discounting the above bill. Rahim becomes insolvent and a dividend of 80 paise in the rupee is received from his estate. Pass the necessary journal entries in the books of both the parties.? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of For mutual accommodation, draws a bill for t 3.000 on Ratan. Rahim discounted it for 2.925. He remits 975 Ratan. On the due date, Rahim is unable to remit his ques to Raton to enable him to meet the bill. He however, accepts a bill for 3,750 which Ratan discounts for 3,625. Ratan sends & 175 to Rahim after discounting the above bill. Rahim becomes insolvent and a dividend of 80 paise in the rupee is received from his estate. Pass the necessary journal entries in the books of both the parties.? defined & explained in the simplest way possible. Besides giving the explanation of For mutual accommodation, draws a bill for t 3.000 on Ratan. Rahim discounted it for 2.925. He remits 975 Ratan. On the due date, Rahim is unable to remit his ques to Raton to enable him to meet the bill. He however, accepts a bill for 3,750 which Ratan discounts for 3,625. Ratan sends & 175 to Rahim after discounting the above bill. Rahim becomes insolvent and a dividend of 80 paise in the rupee is received from his estate. Pass the necessary journal entries in the books of both the parties.?, a detailed solution for For mutual accommodation, draws a bill for t 3.000 on Ratan. Rahim discounted it for 2.925. He remits 975 Ratan. On the due date, Rahim is unable to remit his ques to Raton to enable him to meet the bill. He however, accepts a bill for 3,750 which Ratan discounts for 3,625. Ratan sends & 175 to Rahim after discounting the above bill. Rahim becomes insolvent and a dividend of 80 paise in the rupee is received from his estate. Pass the necessary journal entries in the books of both the parties.? has been provided alongside types of For mutual accommodation, draws a bill for t 3.000 on Ratan. Rahim discounted it for 2.925. He remits 975 Ratan. On the due date, Rahim is unable to remit his ques to Raton to enable him to meet the bill. He however, accepts a bill for 3,750 which Ratan discounts for 3,625. Ratan sends & 175 to Rahim after discounting the above bill. Rahim becomes insolvent and a dividend of 80 paise in the rupee is received from his estate. Pass the necessary journal entries in the books of both the parties.? theory, EduRev gives you an ample number of questions to practice For mutual accommodation, draws a bill for t 3.000 on Ratan. Rahim discounted it for 2.925. He remits 975 Ratan. On the due date, Rahim is unable to remit his ques to Raton to enable him to meet the bill. He however, accepts a bill for 3,750 which Ratan discounts for 3,625. Ratan sends & 175 to Rahim after discounting the above bill. Rahim becomes insolvent and a dividend of 80 paise in the rupee is received from his estate. Pass the necessary journal entries in the books of both the parties.? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev