Page 308 - VIRANSH COACHING CLASSES

In the books of Arvind
Journal
Date Particulars L. F. Debit Credit
Amount ` Amount `
2019 a) Sainath’s A/c .......................................................Dr. 18,000
i) Oct. 24 To Bills Receivable A/c 18,000
(Being Sainath’s acceptance cancelled)
ii) Oct. 24 Sainath’s A/c .......................................................Dr. 380
To Interst A/c 380
(Being interest due)
iii) Oct. 24 Bills Receivable A/c ...........................................Dr. 18,380
To Sainath’s A/c . 18,380
(Being new bill drawn along with interest for 2
months and acceptance received)
b) Oct. 24 Meenal’s A/c .......................................................Dr. 13,195
To Sahil’s A/c 13,195
(Being endorsed bill dishonoured and noting charges
paid)
c) Chand and Sons A/c............................................Dr. 19,000
To Bills Payable A/c 16,400
To Cash A/c 2,600
(Being bill accepted and cash paid)
d) Vidya’s A/c ..........................................................Dr. 14,105
i) To Bank A/c 14,105
(Being discounted bill dishonoured and noting
charges paid)
ii) Vidya’s A/c ..........................................................Dr. 295
To Interest A/c 295
(Being Interest due)
iii) Bills Receivable A/c ...........................................Dr. 14,400
To Vidya’s A/c 14,400
(Being bill drawn along with interest and acceptance
received)
e) Cash A/c ..............................................................Dr. 13,000
Rebate / Discount A/c .........................................Dr. 550
To Bills Receivable A/c 13,550
(Being Nandita’s acceptance retired and rebate
allowed)

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