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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Solution

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

To Creditors (Bills Payable dishonoured) $28, 000$ 2005 Apr 1 By Balance b/d $1, 80, 000$

To Cash Bank (Bills Payable Paid) $50, 000$ By Creditors (Bills Payable)
Balancing figure
$1, 18, 000$
2006 Mar 31 To Balance c/d $2, 20, 000$

$2, 98, 000$ $2, 98, 000$

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

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Q. Question : Find out the amount of bills matured during the year on the basis of information given below.

	(Rs)
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	Rs
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Cheque dishonoured	23,000

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Ascertain the appropriate missing figure by preparing Bills Payable Account from the following information:
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	(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	$50, 000$

Date	Particulars	JF	Amt. (Rs)	Date	Particulars	JF	Amt. (Rs)
	To Creditors (Bills Payable dishonoured)		$28, 000$	2005 Apr 1	By Balance b/d		$1, 80, 000$
	To Cash Bank (Bills Payable Paid)		$50, 000$		By Creditors (Bills Payable) Balancing figure		$1, 18, 000$
2006 Mar 31	To Balance c/d		$2, 20, 000$
			$2, 98, 000$				$2, 98, 000$

Question: From the following, calculate the number of bills accepted during the year. (Rs)Bills payable as on April 1, 20051,80,000Bills payable as on March 31, 20062,20,000Bills payable dishonoured during the year28,000Bills payable honoured during the year50,000

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 $50, 000$