Consolidation of Balance sheets

is 35,000 worth of bills out of RS. 50,000

Yes it is a part of that 50000

see here discounted bill - amount is payable to banker. so no need to adjust after cfs. better to maintain as bills payables.

when endorsed bills also you need to maintain amount under bills payables only
above 2 cases bill amount payable to outers, even after consolidation.

bills sent for collection and bills held in our hand for maturity cases- disclosure is required under balance sheet.

under current assets:-
bills receivables : total
less: bills payable- total

under current liabilities:-
bills payables. . - total
less: bills receivables. - total

Thank you very much😊

most welcome....😀😀