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

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