Question : Find out the amount of bills matured during the year on the basis of information given below.
(Rs)
Bills payable dishonoured $37, 000$
Closing balance of Bills payable $85, 000$
Opening balance of Bills payable $70, 000$
Bills payable accepted $90, 000$
Cheque dishonoured $23, 000$

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Solution

Answer :
Dr Bills Payable Account Cr
Date Particulars JF Amt. (Rs) Date Particulars JF Amt.(Rs)

To Creditors (Bills dishonoured) $37, 000$ By Balance b/d $70, 000$
To Balance c/d $85, 000$ By Creditors (Bills Payable)
(Acceptance)
$90, 000$
To Cash/ Bank (Bill Matured)(Balancing Figure) $38, 000$

$1, 60, 000$ $1, 60, 000$

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Find out the amount of bills matured during the year on the basis of information given below;

	Rs
Bills payable dishonoured	37,000
Closing balance of Bills payable	85,000
Opening balance of Bills payable	70,000
Bills payable accepted	90,000
Cheque dishonoured	23,000

Find out the amount of bills matured during the year on the basis of information given below

$\begin{matrix} (Rs.) Bills payable dishonoured & 37, 000 Closing balance of Bills payable & 85, 000 Opening balance of Bills payable & 70, 000 Bills payable accepted & 9, 000 Cheque dishonoured & 23, 000 \end{matrix}$

From the following, calculate the amount of bills accepted during the year.

Bills payable as on April 01, 2016 1,80,000

Bills payable as on March 31, 2017 2,20,000

Bills payable dishonoured during the year 28,000

Bills payable honoured during the year 50,000

Q. Question: From the following, calculate the number of bills accepted during the year.

	(Rs)
Bills payable as on April 1, 2005	$1, 80, 000$
Bills payable as on March 31, 2006	$2, 20, 000$
Bills payable dishonoured during the year	$28, 000$
Bills payable honoured during the year	$50, 000$

Q. Question : Prepare the bills payable account from the following and find out missing figure if any.

	(Rs)
Bills accepted	$1, 05, 000$
Discount received	$17, 000$
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Balance of accounts payable (closing)	$85, 000$
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	(Rs)
Bills payable dishonoured	$37, 000$
Closing balance of Bills payable	$85, 000$
Opening balance of Bills payable	$70, 000$
Bills payable accepted	$90, 000$
Cheque dishonoured	$23, 000$

Date	Particulars	JF	Amt. (Rs)	Date	Particulars	JF	Amt.(Rs)
	To Creditors (Bills dishonoured)		$37, 000$		By Balance b/d		$70, 000$
	To Balance c/d		$85, 000$		By Creditors (Bills Payable) (Acceptance)		$90, 000$
	To Cash/ Bank (Bill Matured)(Balancing Figure)		$38, 000$
			$1, 60, 000$				$1, 60, 000$

Question : Find out the amount of bills matured during the year on the basis of information given below.(Rs)Bills payable dishonoured37,000Closing balance of Bills payable85,000Opening balance of Bills payable70,000Bills payable accepted90,000Cheque dishonoured23,000

Answer :Dr Bills Payable Account CrDateParticularsJFAmt. (Rs)DateParticularsJFAmt.(Rs)To Creditors (Bills dishonoured)37,000By Balance b/d70,000To Balance c/d85,000By Creditors (Bills Payable)(Acceptance)90,000To Cash/ Bank (Bill Matured)(Balancing Figure)38,0001,60,0001,60,000

Question : Find out the amount of bills matured during the year on the basis of information given below.
(Rs)
Bills payable dishonoured $37, 000$
Closing balance of Bills payable $85, 000$
Opening balance of Bills payable $70, 000$
Bills payable accepted $90, 000$
Cheque dishonoured $23, 000$