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Bill of Exchange Format_solution

The document is a set of exercises for students in a 12th-grade accountancy course, focusing on the preparation of bills of exchange. It provides various scenarios with details such as drawer, drawee, amount, and dates for students to create formatted bills. Each exercise requires students to apply their knowledge of financial instruments in practical situations.

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Jitendra Udawant
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101 views

Bill of Exchange Format_solution

The document is a set of exercises for students in a 12th-grade accountancy course, focusing on the preparation of bills of exchange. It provides various scenarios with details such as drawer, drawee, amount, and dates for students to create formatted bills. Each exercise requires students to apply their knowledge of financial instruments in practical situations.

Uploaded by

Jitendra Udawant
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Commerce Study Center

STD 12 Accountancy Total Marks : 60

* Give Specimen of Bill of Exchange. [60]


1. Prepare a bill of exchange from the following information:
Drawer: Shankar, Vadodara, Gujarat
Drawee: Vinayak, Somwar Peth, Pune
Amount: ₹ 16,000
Period: 3 months
Date of Bill: 6th Sept. 2019
Date of acceptance: 11th Sept. 2019

Ans :

2. Prepare a bill of exchange from the following information:


Drawer: Dinesh, P. R. Road, Andheri (West)
Drawee: Mahesh, L. B. S. Road, Mulund
Payee: Amit, Thane (West)
Amount: ₹ 9,500
Period of Bill: 4 months after sight
Date of Bill: 26th Nov. 2019
Date of acceptance: 29th Nov. 2019

[1]
Ans :

3. Kantilal, 343/D, Palm Heights, Jogeshwari, drew a bill on 10th Oct. 2019 for ₹ 63,490 for 45
days after the date on Shantilal, B2, Himalaya Towers, Baramati, payable to Priyanka,
Satara. The bill was accepted on 13th Oct. 2019 for 60 days.
Prepare a format of bill of exchange from the above details.

Ans :

4. Prepare a format of bill exchange from the following:


Rahul Sane, 86-D, Raviwar Peth, Nagpur accepted the bill drawn on him by Prithviraj, Icon
Heights, Wardha for ₹ 87,000 on 30th July 2019.
The bill was drawn on 26th July 2019 for ₹ 1,00,000 for 90 days after the date.

[2]
Ans :

5. Prepare a format of bill of exchange from the following.


Drawer: Kashmira Shah, Partner M/S Shah, and Shah, 2 – C, Matruchhaya Building, Akola
Drawee: Dhanashree Traders, Bangalore Road, Belgaum (Signed by Jayshree, Partner)
Payee: M/S Janki Traders, Akola
Amount: ₹ 64,500
Period of Bill: 3 months
Date of drawing: 12th Sept. 2019
Date of acceptance: 15th Sept. 2019

Ans :

6. Prepare a format Bill of Exchange with imaginary Drawer, Drawee, Address, Amount,
Dates.
Drawer: Dhanesh Shah, 24/c, Amir Mahal, Borivali, Mumbai
Drawee: Kalpana Shah, 33, Sharadashram, Dadar (West), Mumbai
Amount: ₹ 80,500
Period: 60 days
Date of the bill: 2nd December 2020
Accepted on: 5th December 2020

[3]
Ans :

7. From the following details prepare a format of bill of exchange.


1. Drawer : Mr. Prakash Rao, 648, Coral Plaza, S. B. Road, Pune
2. Drawee : Mr. Rahul Deo, 236, Rajapur Road, Jalgaon.
3. Amount ₹ 44,500.
4. Tenure or term :Three months.
5. Date of Bill : 3rd June, 2019.
6. Date of acceptance : 7th June, 2019.

Ans :
8. From the following details prepare a format of bill of exchange.
1. Drawer : Mr. Mukund Desai, No.14, Heritage Heights, Nagpur.
2. Drawee : Mr. Yogesh Tilak, Narayan Peth, Pune.
3. Amount ₹ 30,000.
4. Tenure or term :90 days.
5. Date of Bill : 16th July, 2019.
6. Date of acceptance : 20th July, 2019.
7. Payee : Shravan Dave, Panvel.

Ans :

9. Anuratha Patil, 37-A ICC Towers, Goregaon, Mumbai drew a bill on 23rd January, 2020 for
57,450 Bill was drawn for 2 months ‘After Sight’ on Shanti Vishwakarma, No. 43,
Bhosalenagar, Solapur, payable to Shyamala Kate, Nashik. The bill was accepted on 27th
January, 2020.
From the above details prepare the format of bill of exchange.
Ans :

10. Prepare a format bill of exchange from the following details.


Mr. Amol Sane, 42, Gangadham, M. G. Road, Ratnagiri draws a 45 days bill on Mrs.
Sagarika Mane, 345, Kumthekar Road, Pune, for ₹ 18,750 on 1st March, 2020 which was
accepted on 4th March, 2020 for ₹ 15,000 only, by Mrs. Sagarika Mane.
Ans :

11. Partners of Neerja Publishing House, Nariman Point, Mumbai, Sameer Gupta, draws a bill
of exchange for 1 month on 9th February, 2020 for ₹ 62,000 on Namrata Kokil, Panvel
Road, Kharghar, payable to M/s Vidya Traders, Lonavala. The bill was accepted on the
same day for 2 months.
From the above details prepare a format of bill of exchange.
Ans :

12. Prepare a format of bill of exchange from the following details.


1. Drawer : Kedar Pandit, 22/1, Kalpataru Estate, Pirangut, Pune.
2. Drawee : Gauri Mulay, Vashi, Navi Mumbai.
3. Date of Bill : 14th August, 2019.
4. Date of acceptance : 17th August, 2019.
5. Amount ₹ 38,740
Ans :

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