CBSE Class 11-commerce Answered
Books of Hrithik Journal Entries |
|||||
Date |
Particulars |
L.F. |
Dr. Rs. |
Cr. Rs. |
|
2015 |
|
|
|
||
Jan 15 |
Salim A/c |
Dr. |
35,000 |
|
|
----------To Sales A/c |
35,000 |
||||
(Being goods sold to Salim on credit) |
|
||||
|
|
|
|||
Jan 15 |
Bills Receivable A/c |
Dr. |
35,000 |
|
|
----------To Salim A/c |
35,000 |
||||
(Being bill received for 3 months) |
|
||||
|
|
|
|||
Jan 15 |
Bank A/c |
Dr. |
33,950 |
|
|
Discounting Charges A/c (35,000 × 12% × 3/12) |
Dr. |
1,050 |
|||
----------To Bills Receivable A/c |
35,000 |
||||
(Being bill discounted at the bank @12% p.a) |
|
||||
|
|
|
|||
Apr 18 |
Salim A/c |
Dr. |
35,000 |
|
|
----------To Bank A/c |
35,000 |
||||
(Being bill dishonoured) |
|
||||
|
|
|
|||
Apr 18 |
Cash A/c |
Dr. |
17,500 |
|
|
----------To Salim A/c |
17,500 |
||||
(Being amount received from Salim) |
|
||||
|
|
|
|||
Apr 18 |
Salim A/c |
Dr. |
656 |
|
|
----------To Interest A/c (17,500 × 15% × 3/12) |
656 |
||||
(Being interest due from Salim @15% p.a. on bill renewal) |
|
||||
|
|
|
|||
Apr 18 |
Bills Receivable A/c |
Dr. |
18,156 |
|
|
----------To Salim A/c |
18,156 |
||||
(Being new bill received from Salim @ interest 15% p.a.) |
|
||||
|
|
|
|||
July 21 |
Cash A/c |
Dr. |
18,156 |
Answered by | 16 Aug, 2016, 04:23: PM
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 16 Aug, 2016, 02:23: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 16 Aug, 2016, 02:23: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 16 Aug, 2016, 02:23: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 16 Aug, 2016, 02:23: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 16 Aug, 2016, 02:23: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 16 Aug, 2016, 02:23: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 16 Aug, 2016, 02:23: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 16 Aug, 2016, 02:23: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 16 Aug, 2016, 02:23: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 16 Aug, 2016, 02:23: PM
ANSWERED BY EXPERT
|