Books of A
Journal


Date

Particulars

L.F.

Debit
Amount
(Rs)

Credit
Amount
(Rs)


2016





Oct. 30

B  Dr. 
14,000




To Sales A/c 

14,000



(Goods sold to B) 







Oct. 30

Bills Receivable A/c (1)  Dr. 
2,000




Bills Receivable A/c (2)  Dr. 
4,000




Bills Receivable A/c (3)  Dr. 
8,000




To B 

14,000



(B accepted bills) 







Oct. 30

C  Dr. 
4,000




To Bills Receivable A/c (2) 

4,000



(Bill endorsed in favour of C) 







Dec. 03

Bank A/c  Dr. 
7,640




Discounting Charges A/c  Dr. 
360




To Bills Receivable A/c (3) 

8,000



(Bill discounted with the bank @ 18 p.a. for 3 months) 







2017




Jan. 02

Cash A/c  Dr. 
2,000




To Bills Receivable A/c (1) 

2,000



(Bill honoured on due date) 







Mar. 03

B  Dr. 
8,040




To Bank A/c 

8,040



(Bill dishonoured on due date and noting charges paid by bank) 







Mar. 03

Cash A/c  Dr. 
3,040




To B 

3,040



(Cash received from B) 







Mar. 03

B  Dr. 
150




To Interest A/c 

150



(Interest due to be received) 







Mar. 03

Bills Receivable A/c  Dr. 
5,150




To B 

5,150



(B accepted the new bill) 







June 06

Cash A/c  Dr. 
5,150




To Bills Receivable A/c 

5,150



(Bill honoured on due date) 


Books of B
Journal


Date

Particulars

L.F.

Debit
Amount
(Rs)

Credit
Amount
(Rs)


2016





Oct. 30

Purchases A/c  Dr. 
14,000




To A 

14,000



(Goods purchased from A) 







Oct. 30

A  Dr. 
14,000




To Bills Payable A/c (1) 

2,000



To Bills Payable A/c (2) 

4,000



To Bills Payable A/c (3) 

8,000



(Bill drawn by A, accepted) 







2017




Jan. 02

Bills Payable A/c (1)  Dr. 
2,000




To Cash A/c 

2,000



(Bill honoured on due date) 







Feb. 02

Bills Payable A/c (2)  Dr. 
4,000




To Cash A/c 

4,000



(Bill honoured on due date) 







Mar. 03

Bills Payable A/c (3)  Dr. 
8,000




Noting Charges A/c  Dr. 
40




To A 

8,040


(Bill dishonoured on due date and noting charges paid) 







Mar. 03

A  Dr. 
3,040




To Cash A/c 

3,040



(Cash paid to A) 







Mar. 03

Interest A/c  Dr. 
150




To A 

150



(Interest due to be paid) 







Mar. 03

A  Dr. 
5,150




To Bills Payable A/c 

5,150



(Bill drawn by A, accepted) 







June 06

Bills Payable A/c  Dr. 
5,150




To Cash A/c 

5,150



(Bill honoured on due date) 

