Bills of Exchange | Class 12th | Practical Problem

Bills of Exchange | Class 12th | Practical Problem 🔰MARCH 2022 BOARD EXAM Sonali draws a bill on Rupali for 50,000 for 3 months. Rupali accepts the bill on the same date. Sonali sends the bill to the bank for collection. Before due date, Rupali finds herself unable to make payment of bill and requests Sonali to renew it. Sonali agrees to the proposal on a condition that Rupali should pay 20,000 in cash along with interest 1,000 and accept a new bill for 2 months for the balance. Rupali retires the bill by paying Give journal entries in the books of Sonali and prepare Rupali's Account in the books of Sonali. SYJC, New Syllabus, Very Important, Maharashtra Board, Class 12th, syjc, Standard 12th, Introduction, Meaning&Defination, Drawer, Drawee, Payee, Bills of Exchange, BOI, BOE, Chapter 7, bills of exchange in hindi, Board Exam 2024, HSC BOARD EXAM, New syallabus 2023, Bills of Exchange, Bills of Exchange problems & solutions, Commerce, Commerce subjects