Journal in the books of Amar (Drawer) 

Date 
Particulars 
L.F. 
Debit Amount (₹) 
Credit Amount (₹) 

2017 





Jan 01 
Akbar’s A/c 
Dr. 

60,000 


To Sales A/c 



60,000 

(Goods sold to Akbar) 










Jan 01 
Bills Receivable I A/c 
Dr. 

25,000 


Bills Receivable II A/c 


35,000 


To Parvati’s A/c 



60,000 

(Bills received) 










Jan 03 
Bank A/c 
Dr. 

24,900 


Discounting Charges A/c 
Dr. 

100 


To Bills ReceivableI A/c 



25,000 

(Bill discounted) 










Jan 15 
Anthony’s A/c 
Dr. 

35,000 


To Bills Receivable II A/c 



35,000 

(Bill endorsed) 










Apr 04 
Akbar’s A/c 
Dr. 

35,200 


To Anthony’s A/c 



35,200 

(Bill dishonoured) 










Apr 04 
Akbar’s A/c 
Dr. 

300 


To Interest A/c 



300 

(Interest due) 










Apr 04 
Bill Receivable A/c 
Dr. 

35,500 


To Parvati’s A/c 



35,500 

(New bill received from Akbar) 










June 07 
Cash A/c 
Dr. 

35,500 


To Bills Receivable A/c 



35,500 

(New bill met on maturity) 










Journal in the books of Akbar (Drawee) 

Date 
Particulars 
L.F. 
Debit Amount (₹) 
Credit Amount (₹) 

2017 





Jan 01 
Purchases A/c 
Dr. 

60,000 


To Amar’s A/c 



60,000 

(Goods purchased from Amar) 










Jan 01 
Amar’s A/c 
Dr. 

60,000 


To Bills Payable I A/c 
Dr. 


25,000 

To Bills Payable II A/c 



35,000 

(Bills accepted) 










Mar 04 
Bills Payable I A/c 
Dr. 

25,000 


To Cash A/c 



25,000 

(Payment made for bill I) 










Apr 04 
Bills Payable II A/c 
Dr. 

35,000 


Noting Charges A/c 
Dr. 

200 


To Amar’s A/c 



35,200 

(Bill Payable II dishonoured) 










Apr 04 
Interest A/c 
Dr. 

300 


To Amar’s A/c 



300 

(Interest due) 










Apr 04 
Amar’s A/c 
Dr. 

35,500 


To Bills Payable A/c 



35,500 

(New bill accepted) 










June 07 
Bills Payable A/c 
Dr. 

35,500 


To Cash A/c 



35,500 

(Bill honoured) 










Journal in the books of Anthony (Endorsee) 

Date 
Particulars 
L.F. 
Debit Amount (₹) 
Credit Amount (₹) 

2017 





Jan 15 
Bills Receivable A/c 
Dr. 

35,000 


To Amar’s A/c 



35,000 

(Bill received from Amar) 










Apr 04 
Amar’s A/c 
Dr. 

35,200 


To Bills Receivable A/c 



35,000 

To Cash A/c 



200 

(Bill dishonoured) 









