Books of A 

Journal 

Date 
Particulars 
L.F. 
Debit Amount Rs 
Credit Amount Rs 

2017 





Jul.01 
Bills Receivable A/c 
Dr. 

5,000 


To B 


5,000 


(B’s acceptance was received) 










Jul.01 
Bank A/c 
Dr. 

4,850 


Discount Charges A/c 
Dr. 

150 


To Bills Receivable A/c 


5,000 


(B’s acceptance discounted with bank) 










Oct.04 
B 
Dr. 

5,050 


To Bank A/c 


5,050 


(B’s acceptance became dishonoured, bank paid Noting Charges Rs 50) 









Books of B 

Journal 

Date 
Particulars 
L.F. 
Debit Amount Rs 
Credit Amount Rs 

2017 





Jul.01 
A 
Dr. 

5,000 


To Bills Payable A/c 


5,000 


(Bill drawn by A was accepted) 










Oct.04 
Bills Payable A/c 
Dr. 

5,000 


Noting Charges A/c 
Dr. 

50 


To A 


5,050 


(Bills Payable dishonoured) 








