b.com Part 1 Test 2

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On 15.1.2002 Umer draw a bill on Imran Rs.30000 for 3 months. The bill was accepted by Imran. Umer discounted the bill from his bank for Rs.14, 850 on 18.1.2002, and send 1/3 proceed to Imran After one month of discount date. Imran make a bill on Umer Rs. 30000 for 3 month and Umer give acceptance. Imran discounted the bill from his bank at 10% p.m, and send 1/3 to Umer. On Maturity second bill is dishonor and 1 st bill is honored. On second bill dishonor bank charge 30 rupees as a noting charges. Imran make a new bill on Umer for 3 months with 200 interest. On maturity Umer became insolvent and Umer get 55 paisa in a rupee from his estate. Requirement: Make journal of Imran. On 15.1.2002 Umer draw a bill on Imran Rs.30000 for 3 months. The bill was accepted by Imran. Umer discounted the bill from his bank for Rs.14, 850 on 18.1.2002, and send 1/3 proceed to Imran After one month of discount date. Imran make a bill on Umer Rs. 30000 for 3 month and Umer give acceptance. Imran discounted the bill from his bank at 10% p.m, and send 1/3 to Umer. On Maturity second bill is dishonor and 1 st bill is honored. On second bill dishonor bank charge 30 rupees as a noting charges. Imran make a new bill on Umer for 3 months with 200 interest. On maturity Umer became insolvent and Umer get 55 paisa in a rupee from his estate. Requirement: Make journal of Imran. On 15.1.2002 Umer draw a bill on Imran Rs.30000 for 3 months. The bill was accepted by Imran. Umer discounted the bill from his bank for Rs.14, 850 on 18.1.2002, and send 1/3 proceed to Imran After one month of discount date. Imran make a bill on Umer Rs. 30000 for 3 month and Umer give acceptance. Imran discounted the bill from his bank at 10% p.m, and send 1/3 to Umer. On Maturity second bill is dishonor and 1 st bill is honored. On second bill dishonor bank charge 30 rupees as a noting charges. Imran make a new bill on Umer for 3 months with 200 interest. On maturity Umer became insolvent and Umer get 55 paisa in a rupee from his estate. Requirement: Make journal of Imran.

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test question b.com part 2 Accomodation

Transcript of b.com Part 1 Test 2

Page 1: b.com Part 1 Test 2

On 15.1.2002 Umer draw a bill on Imran Rs.30000 for 3 months. The bill was accepted by Imran. Umer discounted the bill from his bank for Rs.14, 850 on 18.1.2002, and send 1/3 proceed to Imran After one month of discount date. Imran make a bill on Umer Rs. 30000 for 3 month and Umer give acceptance. Imran discounted the bill from his bank at 10% p.m, and send 1/3 to Umer. On Maturity second bill is dishonor and 1st bill is honored. On second bill dishonor bank charge 30 rupees as a noting charges. Imran make a new bill on Umer for 3 months with 200 interest. On maturity Umer became insolvent and Umer get 55 paisa in a rupee from his estate.

Requirement: Make journal of Imran.

On 15.1.2002 Umer draw a bill on Imran Rs.30000 for 3 months. The bill was accepted by Imran. Umer discounted the bill from his bank for Rs.14, 850 on 18.1.2002, and send 1/3 proceed to Imran After one month of discount date. Imran make a bill on Umer Rs. 30000 for 3 month and Umer give acceptance. Imran discounted the bill from his bank at 10% p.m, and send 1/3 to Umer. On Maturity second bill is dishonor and 1st bill is honored. On second bill dishonor bank charge 30 rupees as a noting charges. Imran make a new bill on Umer for 3 months with 200 interest. On maturity Umer became insolvent and Umer get 55 paisa in a rupee from his estate.

Requirement: Make journal of Imran.

On 15.1.2002 Umer draw a bill on Imran Rs.30000 for 3 months. The bill was accepted by Imran. Umer discounted the bill from his bank for Rs.14, 850 on 18.1.2002, and send 1/3 proceed to Imran After one month of discount date. Imran make a bill on Umer Rs. 30000 for 3 month and Umer give acceptance. Imran discounted the bill from his bank at 10% p.m, and send 1/3 to Umer. On Maturity second bill is dishonor and 1st bill is honored. On second bill dishonor bank charge 30 rupees as a noting charges. Imran make a new bill on Umer for 3 months with 200 interest. On maturity Umer became insolvent and Umer get 55 paisa in a rupee from his estate.

Requirement: Make journal of Imran.