Answer 1

Books of A
Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
	Purchases A/c	Dr.		6,200
	To B				6,200
	(Goods purchased from B)
	B	Dr.		6,200
	To Bills Payable A/c				6,000
	To Discount Received A/c				200
	(Bill drawn by B accepted and discount allowed by him)
	Bills Payable A/c	Dr.		6,000
	Discount Received A/c	Dr.		200
	Noting Charges A/c	Dr.		100
	To B				6,300
	(Bill payable dishonoured)

Books of B
Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
	A	Dr.		6,200
	To Sales A/c				6,200
	(Good sold to A)
	Bills Receivable A/c	Dr.		6,000
	Discount Allowed A/c	Dr.		200
	To A				6,200
	(B’s acceptance received and discount allowed)
	Purchases A/c	Dr.		10,000
	To C				10,000
	(Goods bought from C)
	C	Dr.		10,000
	To Bills Receivable A/c				6,000
	To Bank A/c				4,000
	(Bills Receivable and Cheque given to C to settle due)
	A	Dr.		6,300
	To C				6,100
	To Discount Allowed A/c				200
	(Bill accepted by B was dishonoured and C paid Rs 100 as Noting Charges)

Books of C
Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
	B	Dr.		10,000
	To Sales A/c				10,000
	(Goods sold to B)
	Bills Receivable A/c	Dr.		6,000
	Bank A/c	Dr.		4,000
	To B				10,000
	(Bill Receivable and Cheque received from B)
	B	Dr.		6,100
	To Bills Receivable A/c				6,000
	To Cash A/c				100
	(Bills Receivable received from B dishonoured and Rs 100 paid for noting the bill)