Books of Amar 

Journal 

Date 
Particulars 
L.F. 
Debit Amount Rs 
Credit Amount Rs 


Bhola 
Dr. 

10,000 


To Sales A/c 


10,000 


(Goods were sold to Bhola) 











Bills Receivable A/c 
Dr. 

10,000 


To Bhola 


10,000 


(Bhola’s acceptance was received) 











Bank A/c 
Dr. 

9,850 


Discount Charges A/c 
Dr. 

150 


To Bills Receivable A/c 


10,000 


(Bhola’s acceptance discounted with bank) 











Bhola 
Dr. 

10,100 


To Bank A/c 


10,100 


(Bhola’s acceptance declared dishonoured) 











Bank A/c 
Dr. 

10,100 


To Cash A/c 


10,100 


(Payment made to bank with noting charges for dishonoring of the bill) 











Bhola 
Dr. 

150 


To Interest A/c 


150 


(Interest due from Bhola for on account of bill dishonor) 











Bills Receivable A/c 
Dr. 

10,250 

To Bhola  10,250  
(New bill accepted by Bhola for the amount due including rating charges and interest)  
Cash A/c  Dr.  10,250  

To Bills Receivable A/c 


10,250 


(Amount received) 








