SYJC Book - Keeping & Accountancy Bills of Exchange Part II Journal

After studying proforma of bills of exchange in the previous video now we get into journal where a 10 mark question is asked . In this video of bills of exchange I have made student understand the concept of journal entries in the books of drawer and drawee which is the foundation for the further all sums from here . Please note understanding the sum in this video is very important to know how bills of exchange is created and how drawer and drawee record . Hope students understand the concept well .

Those who would like to study this chapter with us can connect with us on 97698 90327 .

Question solved in the video :

Q) Ansh Sold goods to Parth for `.20,000 on 1st August 2024 on credit . On the same day Ansh draws a 3 month bill on Parth which was honoured by Parth on due date .
Pass necessary journal entries to record the transactions in the books of Ansh and Parth .


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