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Ramrao accepted a bill of rupees 50000 drawn by Mahesh at 3 month Mahesh got the bill discounted with his bank for rupees 49200 before the due date RamRao approached Mahesh for renewal of the bill Mahesh agreed on the condition that rupees 20000 be paid immediately together with interest on the remaining amount at 6% Pa for 3 months and for the balance, ramrao should accept a new bill for 3 months these arrangement were carried through but afterwards ramrao became insolvent and only 50% of the amount could be recovered from his estate give journal entries in the books of drawer and drawee? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Ramrao accepted a bill of rupees 50000 drawn by Mahesh at 3 month Mahesh got the bill discounted with his bank for rupees 49200 before the due date RamRao approached Mahesh for renewal of the bill Mahesh agreed on the condition that rupees 20000 be paid immediately together with interest on the remaining amount at 6% Pa for 3 months and for the balance, ramrao should accept a new bill for 3 months these arrangement were carried through but afterwards ramrao became insolvent and only 50% of the amount could be recovered from his estate give journal entries in the books of drawer and drawee? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ramrao accepted a bill of rupees 50000 drawn by Mahesh at 3 month Mahesh got the bill discounted with his bank for rupees 49200 before the due date RamRao approached Mahesh for renewal of the bill Mahesh agreed on the condition that rupees 20000 be paid immediately together with interest on the remaining amount at 6% Pa for 3 months and for the balance, ramrao should accept a new bill for 3 months these arrangement were carried through but afterwards ramrao became insolvent and only 50% of the amount could be recovered from his estate give journal entries in the books of drawer and drawee?.

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Here you can find the meaning of Ramrao accepted a bill of rupees 50000 drawn by Mahesh at 3 month Mahesh got the bill discounted with his bank for rupees 49200 before the due date RamRao approached Mahesh for renewal of the bill Mahesh agreed on the condition that rupees 20000 be paid immediately together with interest on the remaining amount at 6% Pa for 3 months and for the balance, ramrao should accept a new bill for 3 months these arrangement were carried through but afterwards ramrao became insolvent and only 50% of the amount could be recovered from his estate give journal entries in the books of drawer and drawee? defined & explained in the simplest way possible. Besides giving the explanation of Ramrao accepted a bill of rupees 50000 drawn by Mahesh at 3 month Mahesh got the bill discounted with his bank for rupees 49200 before the due date RamRao approached Mahesh for renewal of the bill Mahesh agreed on the condition that rupees 20000 be paid immediately together with interest on the remaining amount at 6% Pa for 3 months and for the balance, ramrao should accept a new bill for 3 months these arrangement were carried through but afterwards ramrao became insolvent and only 50% of the amount could be recovered from his estate give journal entries in the books of drawer and drawee?, a detailed solution for Ramrao accepted a bill of rupees 50000 drawn by Mahesh at 3 month Mahesh got the bill discounted with his bank for rupees 49200 before the due date RamRao approached Mahesh for renewal of the bill Mahesh agreed on the condition that rupees 20000 be paid immediately together with interest on the remaining amount at 6% Pa for 3 months and for the balance, ramrao should accept a new bill for 3 months these arrangement were carried through but afterwards ramrao became insolvent and only 50% of the amount could be recovered from his estate give journal entries in the books of drawer and drawee? has been provided alongside types of Ramrao accepted a bill of rupees 50000 drawn by Mahesh at 3 month Mahesh got the bill discounted with his bank for rupees 49200 before the due date RamRao approached Mahesh for renewal of the bill Mahesh agreed on the condition that rupees 20000 be paid immediately together with interest on the remaining amount at 6% Pa for 3 months and for the balance, ramrao should accept a new bill for 3 months these arrangement were carried through but afterwards ramrao became insolvent and only 50% of the amount could be recovered from his estate give journal entries in the books of drawer and drawee? theory, EduRev gives you an ample number of questions to practice Ramrao accepted a bill of rupees 50000 drawn by Mahesh at 3 month Mahesh got the bill discounted with his bank for rupees 49200 before the due date RamRao approached Mahesh for renewal of the bill Mahesh agreed on the condition that rupees 20000 be paid immediately together with interest on the remaining amount at 6% Pa for 3 months and for the balance, ramrao should accept a new bill for 3 months these arrangement were carried through but afterwards ramrao became insolvent and only 50% of the amount could be recovered from his estate give journal entries in the books of drawer and drawee? tests, examples and also practice Commerce tests.