Books of X
Journal
|
|||||
Date
|
Particulars
|
L.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
|
2019
|
|
|
|
||
Feb. 15
|
Y | Dr. |
60,000
|
|
|
|
To Sales A/c |
|
60,000
|
||
|
(Goods sold to Y) |
|
|
||
|
|
|
|||
Feb. 15
|
Bills Receivable A/c | Dr. |
60,000
|
|
|
|
To Y |
|
60,000
|
||
|
(Y accepted the bill) |
|
|
||
|
|
|
|||
Feb. 15
|
Bank A/c | Dr. |
57,750
|
|
|
|
Discounting Charges A/c | Dr. |
2,250
|
|
|
|
To Bills Receivable A/c |
|
60,000
|
||
|
(Bill discounted with bank @ 15% p.a. for 3 months) |
|
|
Books of Y
Journal
|
|||||
Date
|
Particulars
|
L.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
|
2017
|
|
|
|
||
Feb. 15
|
Purchases A/c | Dr. |
60,000
|
|
|
|
To X |
|
60,000
|
||
|
(Goods purchased from X) |
|
|
||
|
|
|
|||
Feb. 15
|
X | Dr. |
60,000
|
|
|
|
To Bills Payable A/c |
|
60,000
|
||
|
(Bill drawn by X, accepted) |
|
|
||
|
|
|
|||
May 18
|
Bills Payable A/c | Dr. |
60,000
|
|
|
|
To Cash A/c |
|
60,000
|
||
|
(Bill honoured on maturity) |
|
|