Mohan sold goods to Suraj for Rs. 20000 and draw a bill upon Suraj for the same amount which is payable after 4 months. Mohan retain the bill for 4 months .Who is the drawee?

Mohan

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Both

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Suraj

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

None

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Suraj

In this case, mohan has drawn the bill on Suraj hence Suraj is a drawee.

Suggest Corrections

Similar questions

Q. Anil, brother of Sunil sold goods to Suraj for Rs.10,000 and drew a bill upon him payable after 3 months. In this case, the drawee is/ are .

Mohan drew a bill upon Suraj for Rs 10,000 who purchased goods on credit. Who is drawee?

On 1st February, 2016, Ravi sold goods to Mohan for Rs. 18,000; Rs. 3,000 were paid by Mohan immediately and for the balance he accepted three months bill drawn upon him by Ravi. On the date of maturity of the bill Mohan requested Ravi to cancel the old bill and draw a new bill upon him for a period of 2 months. He further agreed to pay interest in cash to Ravi @ 12 % per annum. Ravi agreed to Mohan's request and cancelled the old bill and drew a new bill. The new bill was met on maturity by Mohan.
Pass necessary journal entries in the books of Ravi.

Q. Mohan Singh draws a bill on Jagat for ₹ 1,000 payable 2 months after date. Immediately after its acceptance, Mohan Singh sends the bill to his bank for collection. On due date, bank gets the payment. Make the entries in the books of all the parties.

Q. Ram & Mohan entered into a joint venture to purchase and sell new year gifts. They agreed to share profits and losses equally. Ram purchased goods worth Rs.1,00,000 and spent Rs.6,000 in sending the good to Mohan. He also paid Rs.2,000 for insurance. Ram drew a bill of exchange upon Mohan for Rs.1,00,000 at 2 months. He got the bill discounted @ 18% p.a. Mohan spent Rs.3,000 on cartage, Rs.5,000 as rent and Rs.5,000 on advertisement. He sold all the gifts for Rs.2,00,000 after retaining gifts worth Rs.2,000 for his personal use. Considering the given data; which of the following statement is correct?

Join BYJU'S Learning Program

Mohan sold goods to Suraj for Rs. 20000 and draw a bill upon Suraj for the same amount which is payable after 4 months. Mohan retain the bill for 4 months .Who is the drawee?

The correct option is C Suraj In this case, mohan has drawn the bill on Suraj hence Suraj is a drawee.

The correct option is C
Suraj

In this case, mohan has drawn the bill on Suraj hence Suraj is a drawee.