CBSE Class 11-commerce Answered
Books of Yogesh Journal Entries |
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Date |
Particulars |
L.F. |
Dr. Rs. |
Cr. Rs. |
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2016 |
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Jan 01 |
Hari A/c |
Dr. |
8,000 |
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----------To Sales A/c |
8,000 |
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(Being goods sold to Hari) |
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Jan 01 |
Bills Receivable A/c |
Dr. |
8,000 |
|
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|
----------To Hari A/c |
8,000 |
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(Being four bills received of `2000 each and accepted by Hari for 3 months) |
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Jan 01 |
Devan A/c |
Dr. |
2,000 |
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----------To Bills Receivable A/c |
2,000 |
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(Being second bill endorsed to Devan) |
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Mar 04 |
Bank A/c |
Dr. |
|
1,960 |
|
|
Discounting Charges A/c |
Dr. |
|
40 |
|
|
----------To Bills Receivable A/c |
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|
2,000 |
|
(Being third bill discounted with the bank @ 12% p.a.) |
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Apr 01 |
Bill Sent for Collection A/c |
Dr. |
|
2,000 |
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|
----------To Bills Receivable A/c |
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|
2,000 |
|
(Being fourth bill sent to bank for collection) |
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Apr 04 |
Bank A/c |
Dr. |
|
2,000 |
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|
----------To Bill Sent for Collection A/c |
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|
2,000 |
|
(Being the fourth bill sent for collection realised) |
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Apr 04 |
Cash A/c |
Dr. |
|
2,000 |
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|
----------To Bills Receivable A/c |
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|
2,000 |
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(Being the first bill duly met on maturity) |
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Note: When Hari makes payment of the bill, Yogesh will not pass the entry since payment will be received by Devan.