CBSE Class 11-commerce Answered
Book of Arjun Journal Entries |
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Date |
Particulars |
L.F. |
Dr. Rs. |
Cr. Rs. |
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2015 |
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Jan 05 |
Bills Receivable A/c |
Dr. |
|
12,000 |
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----------To Ram A/c |
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12,000 |
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(Being bill received from Ram for a period of 6 months) |
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Feb 06 |
Bank A/c |
Dr. |
|
11,400 |
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Discounting Charges A/c (12,000 × 12% × 5/12) |
Dr. |
|
600 |
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----------To Bills Receivable A/c |
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12,000 |
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(Being bill discounted at the bank @ 12% p.a.) |
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Book of Ram Journal Entries |
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Date |
Particulars |
L.F. |
Dr. Rs. |
Cr. Rs. |
|
2015 |
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Jan 05 |
Arjun A/c |
Dr. |
12,000 |
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----------To Bills Payable A/c |
12,000 |
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(Being bill accepted from Arjun for 6 months) |
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July 08 |
Bills Payable A/c |
Dr. |
|
12,000 |
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----------To Cash A/c |
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12,000 |
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(Being bill duly met on maturity) |
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