CBSE Class 11-commerce Answered
Books of Vinod Journal Entries |
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Date |
Particulars |
L.F. |
Dr. Rs. |
Cr. Rs. |
|
2015 |
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Aug 10 |
Bills Receivable A/c |
Dr. |
20,000 |
|
|
----------To Amar A/c |
20,000 |
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(Being bill received for 3 months) |
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Aug 13 |
Bank A/c |
Dr. |
19,750 |
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|
Discounting Charges A/c (20,000 × 5% × 3/12) |
Dr. |
250 |
|||
----------To Bills Receivable A/c |
20,000 |
||||
(Being bill received for 3 months) |
|
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Nov 13 |
Amar A/c |
Dr. |
20,000 |
|
|
----------To Bank A/c |
20,000 |
||||
(Being bill dishonoured on maturity) |
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Nov 13 |
Cash A/c |
Dr. |
10,000 |
|
|
----------To Amar A/c |
10,000 |
||||
(Being partial payment received from Amar) |
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Nov 13 |
Amar A/c |
Dr. |
200 |
|
|
----------To Interest A/c (10,000 × 8% × 3/12) |
200 |
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(Being partial payment received from Amar) |
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Nov 13 |
Bills Receivable A/c |
Dr. |
10,200 |
|
|
----------To Amar A/c |
10,200 |
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(Being new bill received from Amar plus interest charged @ 8% p.a.) |
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2016 |
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Feb 16 |
Amar A/c |
Dr. |
10,200 |
|
|
----------To Bills Receivable A/c |
10,200 |
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(Being new bill dishonoured) |
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Feb 16 |
Cash A/c |
Dr. |
5,100 |
|
|
Bad Debts A/c |
Dr. |
5,100 |
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----------To Amar A/c |
10,200 |
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(Being final settlement made and 50 paise in a rupee recovered from Amar’s estate) |
|
Ledger Amar Account |
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Dr. |
Cr. |
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Date |
Particulars |
J.F. |
Rs. |
Date |
Answered by | 16 Aug, 2016, 04:23: PM
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