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X draws on Y a bill of exchange for 30,000 on 1st April, 2022 for 3 months. Y accepts the bill and sends it to X who gets it discounted for 28,800. X immediately remits 9,600 to Y. On the due date, X, being unable to remit the amount due, accepts a bill for 42,000 for three months which is discounted by Y for 40,110. Y sends 6,740 to X. Before the maturity of the bill X becomes bankrupt, his estate paying fifty paise in the rupee. Give the journal entries in the books of X and Y.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about X draws on Y a bill of exchange for 30,000 on 1st April, 2022 for 3 months. Y accepts the bill and sends it to X who gets it discounted for 28,800. X immediately remits 9,600 to Y. On the due date, X, being unable to remit the amount due, accepts a bill for 42,000 for three months which is discounted by Y for 40,110. Y sends 6,740 to X. Before the maturity of the bill X becomes bankrupt, his estate paying fifty paise in the rupee. Give the journal entries in the books of X and Y.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X draws on Y a bill of exchange for 30,000 on 1st April, 2022 for 3 months. Y accepts the bill and sends it to X who gets it discounted for 28,800. X immediately remits 9,600 to Y. On the due date, X, being unable to remit the amount due, accepts a bill for 42,000 for three months which is discounted by Y for 40,110. Y sends 6,740 to X. Before the maturity of the bill X becomes bankrupt, his estate paying fifty paise in the rupee. Give the journal entries in the books of X and Y.?.

Solutions for X draws on Y a bill of exchange for 30,000 on 1st April, 2022 for 3 months. Y accepts the bill and sends it to X who gets it discounted for 28,800. X immediately remits 9,600 to Y. On the due date, X, being unable to remit the amount due, accepts a bill for 42,000 for three months which is discounted by Y for 40,110. Y sends 6,740 to X. Before the maturity of the bill X becomes bankrupt, his estate paying fifty paise in the rupee. Give the journal entries in the books of X and Y.? 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 X draws on Y a bill of exchange for 30,000 on 1st April, 2022 for 3 months. Y accepts the bill and sends it to X who gets it discounted for 28,800. X immediately remits 9,600 to Y. On the due date, X, being unable to remit the amount due, accepts a bill for 42,000 for three months which is discounted by Y for 40,110. Y sends 6,740 to X. Before the maturity of the bill X becomes bankrupt, his estate paying fifty paise in the rupee. Give the journal entries in the books of X and Y.? defined & explained in the simplest way possible. Besides giving the explanation of X draws on Y a bill of exchange for 30,000 on 1st April, 2022 for 3 months. Y accepts the bill and sends it to X who gets it discounted for 28,800. X immediately remits 9,600 to Y. On the due date, X, being unable to remit the amount due, accepts a bill for 42,000 for three months which is discounted by Y for 40,110. Y sends 6,740 to X. Before the maturity of the bill X becomes bankrupt, his estate paying fifty paise in the rupee. Give the journal entries in the books of X and Y.?, a detailed solution for X draws on Y a bill of exchange for 30,000 on 1st April, 2022 for 3 months. Y accepts the bill and sends it to X who gets it discounted for 28,800. X immediately remits 9,600 to Y. On the due date, X, being unable to remit the amount due, accepts a bill for 42,000 for three months which is discounted by Y for 40,110. Y sends 6,740 to X. Before the maturity of the bill X becomes bankrupt, his estate paying fifty paise in the rupee. Give the journal entries in the books of X and Y.? has been provided alongside types of X draws on Y a bill of exchange for 30,000 on 1st April, 2022 for 3 months. Y accepts the bill and sends it to X who gets it discounted for 28,800. X immediately remits 9,600 to Y. On the due date, X, being unable to remit the amount due, accepts a bill for 42,000 for three months which is discounted by Y for 40,110. Y sends 6,740 to X. Before the maturity of the bill X becomes bankrupt, his estate paying fifty paise in the rupee. Give the journal entries in the books of X and Y.? theory, EduRev gives you an ample number of questions to practice X draws on Y a bill of exchange for 30,000 on 1st April, 2022 for 3 months. Y accepts the bill and sends it to X who gets it discounted for 28,800. X immediately remits 9,600 to Y. On the due date, X, being unable to remit the amount due, accepts a bill for 42,000 for three months which is discounted by Y for 40,110. Y sends 6,740 to X. Before the maturity of the bill X becomes bankrupt, his estate paying fifty paise in the rupee. Give the journal entries in the books of X and Y.? tests, examples and also practice UPSC tests.