Books of A |
|||||
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount (₹) |
Credit Amount (₹) |
|
2019 |
|
|
|
|
|
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 (₹) |
Credit Amount (₹) |
|
2019 |
|
|
|
|
|
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) |
|
|
|
|
|
|
|
|
|