Page 292 - VIRANSH COACHING CLASSES

In the books of Rahul
Kabir’s A/C
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
(`) (`)
2019 2019
Dec.1 To Balance b/d 37,000 Dec.1 By Bills Receivable A/c 35,500
2020 Der. 1 By Discount A/c 1,500
Mar.4 To Bills Receivable A/c 35,500 2020
Mar.4 To Discount A/c 1,500 Mar.4 By Balance c/d 37,500
Mar.4 To Cash A/c 500
74,500 74,500
Mar.4 To Balance b/d 37,500

In the books of Kabir
Journal
Date Particulars L. F. Debit Credit
Amount ` Amount `
2019 Rahul’s A/c.........................................................Dr. 37,000
Dec. 1 To Discount A/c 1,500
To Bills Payable A/c 35,500
(Being bill accepted in full settlement)
2020 Bills Payable A/c ...............................................Dr. 35,500
Mar. 4 Discount A/c ........................................................Dr. 1,500
Noting Charges A/c .............................................Dr. 500
To Rahul A/c 37,500
(Being our acceptance dishonoured and noting
charges payable)

In the books of Kabir
Rahul’s A/C
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
(`) (`)
2019 2019
Dec.1 To Discount A/c 1,500 Dec.1 By Balance c/d 37,000
Dec.1 To Bills Payable A/c 35,500 2020
2020 Mar.4 By Bills Payable A/c 35,500
Mar.4 To Balance c/d 37,500 Mar.4 By Discount A/c 1,500
Mar.4 By Noting Charges A/c 500

74,500 74,500

Mar.4 By Balance b/d 37,500

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