Question

Question: Calculate the number of bills receivable dishonoured from the following information

	(Rs)
Opening balance of bills receivable	$1,20,000$
Bills collected (honoured)	$1,85,000$
Bills receivable endorsed	$22,800$
Closing balance of bills receivable	$50,700$
Bill receivable received	$1,50,000$

Answer 1

Answer
Dr Bills Receivable Account Cr

Date	Particulars	JF	Amt. (Rs)	Date	Particulars	JF	Amt.(Rs)
	To Balance b/d		$1,20,000$		By Cash/Bank (Bills honoured)		$1,85,000$
	To Debtor (Bills received)(Acceptances)		$1,50,000$		By Bills Endorsed		$22,800$
					By Debtors (Bills dishonoured)(Balancing Figure)		$11,500$
			$2,70,000$		By Balance c/d		$50,700$