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

Rs

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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Solution

Bills Payable Account

Dr.

Cr.

Particulars

Amount

Rs

Particulars

Amount

Rs

Creditors (dishonoured)

28,000

Balance b/d

1,80,000

Cash/Bank

50,000

Creditors (acceptance)

1,18,000

Balance c/d

2,20,000

(Balancing figure)

2,98,000

2,98,000

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Similar questions

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 : 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;

	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

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

Ascertain the appropriate missing figure by preparing Bills Payable Account from the following information:
Bills Payable as on March 31, 2017 Rs. 4,000,
Bills discharged Rs. 37,200,
Bills payable as on March 31, 2018 Rs. 800.

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Bills Payable Account
Dr.		Cr.
Particulars	Amount Rs		Particulars	Amount Rs
Creditors (dishonoured)	28,000		Balance b/d	1,80,000
Cash/Bank	50,000		Creditors (acceptance)	1,18,000
Balance c/d	2,20,000		(Balancing figure)


	2,98,000			2,98,000