CBSE Class 11-commerce Answered
Book of Devika Journal Entries |
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Date |
Particulars |
L.F. |
Dr. Rs. |
Cr. Rs. |
|
2016 |
|
|
|
||
Mar 31 |
Lata A/c |
Dr. |
15,000 |
|
|
|
----------To Bills Payable A/c |
15,000 |
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|
(Being bill accepted from Lata for 30 days) |
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May 04 |
Bills Payable A/c |
Dr. |
|
15,000 |
|
|
----------To Cash A/c |
|
|
|
15,000 |
|
(Being bill duly met on maturity) |
|
|
|
|
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|
Book of Sanjana Journal Entries |
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Date |
Particulars |
L.F. |
Dr. Rs. |
Cr. Rs. |
|
2016 |
|
|
|
||
Mar 31 |
Bills Receivable A/c |
Dr. |
15,000 |
|
|
|
----------To Devika A/c |
15,000 |
|||
|
(Being bill received from Lata) |
|
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|
|
|
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May 04 |
Cash A/c |
Dr. |
|
15,000 |
|
|
----------To Bills Receivable A/c |
|
|
|
15,000 |
|
(Being bill duly met by Devika on maturity) |
|
|
|
|
|
|
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Note:
Since the maturity date of the bill is (3rd May) is declared as emergency holiday, the due date will be one day after due date i.e. 4th May, 2016 as per the provisions of Negotiable Instruments Act, 1881.