Page 285 - VIRANSH COACHING CLASSES

In the books of Anita
Journal
Date Particulars L. F. Debit Credit
Amount ` Amount `
2019 Nita’s A/c ...........................................................Dr. 33,500
Mar. 8 To Sales A/c 33,500
(Being goods sold for cash)
Mar. 8 Bills Receivable A/c ..........................................Dr. 22,500
To Nita’s A/c 22,500
(Being bill drawn and acceptance received)
Apr. 4 Bill sent to Bank for Collection A/c ...................Dr. 22,500
To Bills Receivable A/c 22,500
(Being bill sent to bank for collection)
a) Jul. 11 Bank A/c .............................................................Dr. 22,300
Bank Charges A/c ..............................................Dr. 200
To Bill sent to Bank for Collection A/c 22,500
(Being bill honoured and bank charges paid)
b) Jul. 11 Nita’s A/c ...........................................................Dr. 22,500
To Bill sent to Bank for Collection A/c 22,500
(Being bill sent to Bank for collection dishonoured)
c) Jul. 11 Nita’s A/c ............................................................Dr. 22,650
To Bill sent to Bank for Collection A/c 22,500
To Cash / Bank A/c 150
(Being bill sent to bank for collection dishonoured
and Noting Charges paid

In the books of Nita
Journal
Date Particulars L. F. Debit Credit
Amount ` Amount `
2019 Purchases A/c ....................................................Dr. 33,500
Mar. 8 To Anita’s A/c 33,500
(Being goods purchased on credit)
Mar. 8 Anita’s A/c A/c ....................................................Dr. 22,500
To Bills Payable A/c 22,500
(Being our acceptance given)
a) Jul. 11 Bills Payable A/c ..............................................Dr. 22,500
To Cash A/c 22,500
(Being our acceptance hounoured on the due date)
b) Jul. 11 Bills Payable A/c ..............................................Dr. 22,500
To Anita’s A/c 22,500
(Being our acceptance dishounoured on the due date)
c) Jul. 11 Bills Payable A/c ..............................................Dr. 22,500
Noting Charges A/c .............................................Dr. 150
To Anita’s A/c 22,650
(Being our acceptance dishounoured and Noting
Charges payable)

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