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2. G and K enter into an accommodation arrangement whereunder the proceeas are to be shared as 2/3 and 1/3 respectively. G draws a bill for Rs 45,000 on 3rd April, 1996 at 3 months. G gets it discounted for Rs 44,600 and on 5th April, remits K's share to him. On due date, K pays the bill, though G fails to remit his share. On 18th July, G accepts a bill for Rs 63,000 drawn on him by K at 3 months, which K discounts on 19th July for Rs 61,650 and remits Rs 11,100 to G. Before the maturity of the second bill, G becomes insolvent and only 40% was realised from his estate on 20th October, 1996. Pass necessary Journal Entries in the books of G and K.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 2. G and K enter into an accommodation arrangement whereunder the proceeas are to be shared as 2/3 and 1/3 respectively. G draws a bill for Rs 45,000 on 3rd April, 1996 at 3 months. G gets it discounted for Rs 44,600 and on 5th April, remits K's share to him. On due date, K pays the bill, though G fails to remit his share. On 18th July, G accepts a bill for Rs 63,000 drawn on him by K at 3 months, which K discounts on 19th July for Rs 61,650 and remits Rs 11,100 to G. Before the maturity of the second bill, G becomes insolvent and only 40% was realised from his estate on 20th October, 1996. Pass necessary Journal Entries in the books of G and K.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 2. G and K enter into an accommodation arrangement whereunder the proceeas are to be shared as 2/3 and 1/3 respectively. G draws a bill for Rs 45,000 on 3rd April, 1996 at 3 months. G gets it discounted for Rs 44,600 and on 5th April, remits K's share to him. On due date, K pays the bill, though G fails to remit his share. On 18th July, G accepts a bill for Rs 63,000 drawn on him by K at 3 months, which K discounts on 19th July for Rs 61,650 and remits Rs 11,100 to G. Before the maturity of the second bill, G becomes insolvent and only 40% was realised from his estate on 20th October, 1996. Pass necessary Journal Entries in the books of G and K.?.

Solutions for 2. G and K enter into an accommodation arrangement whereunder the proceeas are to be shared as 2/3 and 1/3 respectively. G draws a bill for Rs 45,000 on 3rd April, 1996 at 3 months. G gets it discounted for Rs 44,600 and on 5th April, remits K's share to him. On due date, K pays the bill, though G fails to remit his share. On 18th July, G accepts a bill for Rs 63,000 drawn on him by K at 3 months, which K discounts on 19th July for Rs 61,650 and remits Rs 11,100 to G. Before the maturity of the second bill, G becomes insolvent and only 40% was realised from his estate on 20th October, 1996. Pass necessary Journal Entries in the books of G and K.? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of 2. G and K enter into an accommodation arrangement whereunder the proceeas are to be shared as 2/3 and 1/3 respectively. G draws a bill for Rs 45,000 on 3rd April, 1996 at 3 months. G gets it discounted for Rs 44,600 and on 5th April, remits K's share to him. On due date, K pays the bill, though G fails to remit his share. On 18th July, G accepts a bill for Rs 63,000 drawn on him by K at 3 months, which K discounts on 19th July for Rs 61,650 and remits Rs 11,100 to G. Before the maturity of the second bill, G becomes insolvent and only 40% was realised from his estate on 20th October, 1996. Pass necessary Journal Entries in the books of G and K.? defined & explained in the simplest way possible. Besides giving the explanation of 2. G and K enter into an accommodation arrangement whereunder the proceeas are to be shared as 2/3 and 1/3 respectively. G draws a bill for Rs 45,000 on 3rd April, 1996 at 3 months. G gets it discounted for Rs 44,600 and on 5th April, remits K's share to him. On due date, K pays the bill, though G fails to remit his share. On 18th July, G accepts a bill for Rs 63,000 drawn on him by K at 3 months, which K discounts on 19th July for Rs 61,650 and remits Rs 11,100 to G. Before the maturity of the second bill, G becomes insolvent and only 40% was realised from his estate on 20th October, 1996. Pass necessary Journal Entries in the books of G and K.?, a detailed solution for 2. G and K enter into an accommodation arrangement whereunder the proceeas are to be shared as 2/3 and 1/3 respectively. G draws a bill for Rs 45,000 on 3rd April, 1996 at 3 months. G gets it discounted for Rs 44,600 and on 5th April, remits K's share to him. On due date, K pays the bill, though G fails to remit his share. On 18th July, G accepts a bill for Rs 63,000 drawn on him by K at 3 months, which K discounts on 19th July for Rs 61,650 and remits Rs 11,100 to G. Before the maturity of the second bill, G becomes insolvent and only 40% was realised from his estate on 20th October, 1996. Pass necessary Journal Entries in the books of G and K.? has been provided alongside types of 2. G and K enter into an accommodation arrangement whereunder the proceeas are to be shared as 2/3 and 1/3 respectively. G draws a bill for Rs 45,000 on 3rd April, 1996 at 3 months. G gets it discounted for Rs 44,600 and on 5th April, remits K's share to him. On due date, K pays the bill, though G fails to remit his share. On 18th July, G accepts a bill for Rs 63,000 drawn on him by K at 3 months, which K discounts on 19th July for Rs 61,650 and remits Rs 11,100 to G. Before the maturity of the second bill, G becomes insolvent and only 40% was realised from his estate on 20th October, 1996. Pass necessary Journal Entries in the books of G and K.? theory, EduRev gives you an ample number of questions to practice 2. G and K enter into an accommodation arrangement whereunder the proceeas are to be shared as 2/3 and 1/3 respectively. G draws a bill for Rs 45,000 on 3rd April, 1996 at 3 months. G gets it discounted for Rs 44,600 and on 5th April, remits K's share to him. On due date, K pays the bill, though G fails to remit his share. On 18th July, G accepts a bill for Rs 63,000 drawn on him by K at 3 months, which K discounts on 19th July for Rs 61,650 and remits Rs 11,100 to G. Before the maturity of the second bill, G becomes insolvent and only 40% was realised from his estate on 20th October, 1996. Pass necessary Journal Entries in the books of G and K.? tests, examples and also practice UPSC tests.