DK Goel Solutions Chapter 18 Bills of Exchange

DK Goel Accountancy Class 11 Solutions Chapter 18 Bills of Exchange which is outlined by expert Accountancy teachers from the latest version of DK Goel Class 11 Accountancy books. We at BYJU’S provide DK Goel Solutions to assist students to comprehend all the theories in particular.

There are numerous concepts in Accountancy, but the concepts of Trial Balance, Depreciation and Bank Reconciliation Statement (BRS) are required.

DK Goel Accountancy Class 11 Solutions – Chapter 18

Question 1

Compute the due dates of the bills in the following cases:

Date of the Bill Period
Jan 1, 2017 2 months
Jan 28, 2017 1 month
Jan 30, 2017 1 month
April 30, 2017 2 months
April 30, 2017 3 months
April 30, 2017 30 days
Dec 1, 2016 60 days
Dec 28, 2015 2 months

Solution:

4th March 2017
3rd March 2017
3rd March 2017
3rd July 2017
2nd August 2017
2nd June 2017
2nd Feb 2017
2nd March 2016

Note: 2016 is a leap year. Hence, it will be 29 days in the month of February.

Question 2

Compute the due dates of the bills in the following cases:

Date of the Bill Period
Nov 23 2016 2 months
Nov 27 2015 3 months
May 29 2016 4 months
May 23 2016 60 days
July 13 2016 30 days
May 31 2016 1 month

Emergency Holiday: 25th of July 2016

Solution:

Jan 25 2017
March 1 2016
Oct 1 2016
July 26 2016
Aug 14 2016
July 3 2016

Note: In the above-given question, the bills maturing on Jan 26, Aug 15 and Oct 2nd are supposed to mature one day earlier, because these are the days of public holiday

Also Check: DK Goel Solution for Chapter 19 Rectification of Errors

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