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

Bills Payable Account

Dr.

Cr.

Particulars

Amount

Rs

Particulars

Amount

Rs

Creditors (Bill dishonoured)

37,000

Balance b/d

70,000

Cash/Bank (Balancing figure)

38,000

Creditors - acceptance

90,000

Balance c/d

85,000

(Balancing figure)

1,60,000

1,60,000

Bill Payable matured during the year is Rs 38,000.

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Similar questions

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

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

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	$17, 000$
Purchases returns	$9, 000$
Return inwards	$12, 000$
Cash paid to accounts payable	$50, 000$
Bills receivable endorsed to creditor	$45, 000$
Bills dishonoured	$17, 000$
Bad debts	$14, 000$
Balance of accounts payable (closing)	$85, 000$
Credit purchases	$2, 15, 000$

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	$50, 000$

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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

Bills Payable Account
Dr.		Cr.
Particulars	Amount Rs		Particulars	Amount Rs
Creditors (Bill dishonoured)	37,000		Balance b/d	70,000
Cash/Bank (Balancing figure)	38,000		Creditors - acceptance	90,000
Balance c/d	85,000		(Balancing figure)


	1,60,000			1,60,000