Q. Following was the position of debtor and creditor of Gautam as on
1.1.2011Items | Debtors(Rs.) | Creditors(Rs.) |
Babu | 5,000 | - |
Chanderkala | 8,000 | - |
Kiran | 13,500 | - |
Anita | 14,000 | - |
Anju | - | 5,000 |
Sheiba | - | 12,000 |
Manju | - | 6,000 |
The following transactions took place in the month of Jan
2011Jan
2Drew on Babu at two months after date at full settlement for Rs.
4,800.
Babu accepted the bill and returned it on
5.1.2011.
Jan
4Babu's bill discounted for Rs.
4,750.
Jan
8Chanderkala sent a promissory note for Rs.
8,000 payable three months after date.
Jan
10Promissory note received from Chanderkala discounted for Rs.
7,900.
Jan
12Accepted Sheiba draft for the amount due payable two months after date.
Jan
22Anita sent his promissory note payable after two months.
Jan
23Anita's promissory note endorsed in favour of Manju.
Jan
25Accepted Anju's draft payable after the three months.
Jan
29Kiran sent Rs.
2,000 in cash and a promissory note for the balance payable after three months.
Record the transactions in the proper subsidiary books.