Calculate the amount of bills receivable during the year- - Opening balance of bills receivable Rs- Bill dishonoured 75-000- Bills collected honoured 25-000- Bills receivable endorsed to creditors 1-30-000- Closing balance of bills receivable 15-000- -65-000

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Standard XI

Accountancy

Finding Credit Purchases

Calculate the...

Question

Calculate the amount of bills receivable during the year.

Rs

Opening balance of bills receivable

75,000

Bill dishonoured

25,000

Bills collected (honoured)

1,30,000

Bills receivable endorsed to creditors

15,000

Closing balance of bills receivable

65,000

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Solution

Bills Receivable Account

Dr.

Cr.

Particulars

Amount

Rs

Particulars

Amount

Rs

Balance b/d

75,000

Debtors (B/R dishonoured)

25,000

Cash/Bank (honoured)

1,30,000

Creditors (endorsed)

15,000

Debtors (B/R received)

1,60,000

Balance c/d

65,000

(Balancing figure)

2,35,000

2,35,000

Bills receivable received from Debtors Rs 1,60,000.

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Calculate the amount of bills receivable during the year

$\begin{matrix} (R s .) Opening balances of bills receivable & 75, 000 Bills dishonoured & 25, 000 Bills collected (honoured) & 1, 30, 000 Bills receivable to creditors & 15, 000 Closing balance of bills receivables & 65, 000 \end{matrix}$

Calculate the amount of bills receivable dishonoured from the following information

$\begin{matrix} (R s .) Opening balances of bills receivable & 1, 20, 000 Bills Collected(honoured) & 1, 85, 000 Bills receivables endorsed & 22, 800 Closing balance of bills receivables & 50, 700 Bills receivables received & 1, 50, 000 \end{matrix}$

Calculate the amount 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
Bills receivable received	1,50,000

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

$\begin{matrix} (Rs.) Bills payable as on April 1, 2005 & 1, 80, 000 Bills payable as on March 31, 2006 & 2, 20, 000 Bills payable dishonoured during the year & 28, 000 Bills payable honoured during the year & 50, 000 \end{matrix}$

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

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	Rs
Opening balance of bills receivable	75,000
Bill dishonoured	25,000
Bills collected (honoured)	1,30,000
Bills receivable endorsed to creditors	15,000
Closing balance of bills receivable	65,000

Bills Receivable Account
Dr.		Cr.
Particulars	Amount Rs		Particulars	Amount Rs
Balance b/d	75,000		Debtors (B/R dishonoured)	25,000
			Cash/Bank (honoured)	1,30,000
			Creditors (endorsed)	15,000
Debtors (B/R received)	1,60,000		Balance c/d	65,000
(Balancing figure)
	2,35,000			2,35,000