CBSE Class 11-commerce Answered
On 1st
April, 2015 Vinod sold goods to Mohan worth Rs.60,000.
Mohan accept the
bill for Rs.60,000 for two months .
The
bill is payable at ICICI Bank Delhi, on the same day Vinod
gives bill to the banker for the collection (after two months). On the due
date bill was honoured and Vinod
received the due amount. Give entries in the books of Vinod
and Mohan.
Asked by Topperlearning User | 04 Jul, 2016, 08:16: AM
Expert Answer
Vinod’s Journal
Date |
Particulars |
|
|
L.F. |
Dr. Rs. |
Cr. Rs. |
2015 Apr. 1 |
Mohan’s A/c |
|
Dr. |
|
60,000 |
|
|
To Sales’s A/c |
|
|
|
|
60,000 |
|
(Being goods sold to Mohan) |
|
|
|
|
|
Apr. 1 |
Bills Receivable A/c |
|
Dr. |
|
60,000 |
|
|
To Mohan’s A/c |
|
|
|
|
60,000 |
|
(Being the bill drawn on Mohan for 2 months) |
|
|
|
|
|
|
|
|
|
|
|
|
Jun. 1 |
Bill sent for collection A/c |
|
Dr. |
|
60,000 |
|
|
To B/R A/c |
|
|
|
|
60,000 |
|
|
|
|
|
|
|
|
(Being Bills sent to bank for collection) |
|
|
|
|
|
|
|
|
|
|
|
|
Jun. 1 |
Bank A/c |
|
|
|
60,000 |
|
|
To Bill sent for collection A/c |
|
|
|
|
60,000 |
|
( Being amount collected by bank) |
|
|
|
|
|
Mohan’s Journal
Date |
Particulars |
|
|
L.F. |
Dr. Rs. |
Cr. Rs. |
2015 Apr. 1 |
Purchases A/c |
|
Dr. |
|
60,000 |
|
|
To Vinod’s A/c |
|
|
|
|
60,000 |
|
(Being goods purchased from Vinod ) |
|
|
|
Answered by | 04 Jul, 2016, 10:16: AM
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