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

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Solution

Bills Receivable Account

Dr.

Cr.

Particulars

Amount

Rs

Particulars

Amount

Rs

Balance b/d

1,20,000

Cash/Bank (honoured)

1,85,000

Creditors (endorsed)

22,800

Balance c/d

50,700

Debtors (B/R received)

1,50,000

Debtors (dishonoured)

11,500

(Balancing figure)

(Balancing figure)

2,70,000

2,70,000

Bills Receivable dishonoured is Rs 11,500.

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Similar questions

Q. 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	$1, 50, 000$

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

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 during the year

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

Q. Question : Prepare the suitable accounts and find out the missing figure if any

	(Rs)
Opening balance of debtors	$14, 00, 000$
Opening balance of bills receivable	$7, 00, 000$
Closing balance of bills receivable	$3, 50, 000$
Cheque dishonoured	$27, 000$
Cash received from debtors	$10, 75, 000$
Cheque received and deposited in the bank	$8, 25, 000$
Discount allowed	$37, 500$
Irrecoverable amount	$17, 500$
Returns Inwards	$28, 000$
Bills receivable received from customers	$1, 05, 000$
Bills receivable matured	$2, 80, 000$
Bills discounted	$65, 000$
Bills endorsed to creditors	$70, 000$

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	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

Bills Receivable Account
Dr.		Cr.
Particulars	Amount Rs		Particulars	Amount Rs
Balance b/d	1,20,000		Cash/Bank (honoured)	1,85,000
			Creditors (endorsed)	22,800
			Balance c/d	50,700
Debtors (B/R received)	1,50,000		Debtors (dishonoured)	11,500
(Balancing figure)			(Balancing figure)

	2,70,000			2,70,000