Page 306 - VIRANSH COACHING CLASSES

(d) Bill Receivable A/c .............................................Dr. 10,200
To Vishwas’s A/c 10,200
(Being new bill drawn and acceptance received along
withe interest)
2 Bill Payable’s A/c ...............................................Dr. 17,750
To Bill Receivable A/c 17,500
To Discount A/c 250
(Being our acceptance honoured by giving accep-
tance received from Hari and discount received)
3 (a) Prakash’s A/c ......................................................Dr. 21,000
To Bill Receivable A/c 21,000
(Being Prakash’s acceptance cancelled on account of
insolvency)
(b) Bank A/c .............................................................Dr. 5,250
Bad Debts A/c .....................................................Dr. 15,750
To Prakash’s A/c 21,000
(Being 25% received in final settlement and bad
debts written off)
4. Shailaja’s A/c ......................................................Dr. 32,275
To Bill sent for collection A/c 32,000
To Bank A/c 275
(Being bill sent for collection dishonoured and noting
charges paid)

15. Jouranlise the following transactions in the books of Aaditya.
a) Bank informed that Surya’s acceptance for ` 15,750 sent to bank for collection has been hon-
ored and bank charges debited ` 150.
b) Asha informs Aditya that Nisha’s acceptance for ` 23,000 endorsed to Asha, has been
dishonoured. Noting charges paid by Asha amounted to ` 330.
c) Bank informed that Jaydeep’s acceptance of ` 32,400 which was discounted with bank was
dishonoured, bank paid Noting charges ` 460.
d) Shrikant’s acceptance of ` 19,800 was honoured which was deposited with bank for collection.

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