Question 1:
Date
|
Particulars
|
L.F.
|
Debit
Amount.
Rs.
|
Credit
Amount
Rs.
|
1.1.2010
|
Ashok A/c .... Dr.
|
4500
| ||
To Sales A/c
|
4500
| |||
[Being Goods Sold to Ashok]
| ||||
1.1.2010
|
Bills Receivable A/c .... Dr.
|
4500
| ||
To Ashok A/c
|
4500
| |||
[Being the bill is drawn]
| ||||
4.3.2010
|
Bank A/c .... Dr.
|
4500
| ||
To Bills Receivable A/c
|
4500
| |||
[Being the bill is honoured on due date]
|
Date
|
Particulars
|
L.F.
|
Debit
Amount.
Rs.
|
Credit
Amount
Rs.
|
1.1.2010
|
Ashok A/c .... Dr.
|
4500
| ||
To Sales A/c
|
4500
| |||
[Being Goods Sold to Ashok]
| ||||
1.1.2010
|
Bills Receivable A/c .... Dr.
|
4500
| ||
To Ashok A/c
|
4500
| |||
[Being the bill is drawn]
| ||||
1.1.2010
|
Bank A/c ... Dr.
|
4387
| ||
Discount A/c .... Dr.
|
113
| |||
To Bills Receivable A/c
|
4500
| |||
[Being the bill is discounted with the bank @ 15% p.a.]
|
Date
|
Particulars
|
L.F.
|
Debit
Amount.
Rs.
|
Credit
Amount
Rs.
|
1.1.2010
|
Ashok A/c .... Dr.
|
4500
| ||
To Sales A/c
|
4500
| |||
[Being Goods Sold to Ashok]
| ||||
1.1.2010
|
Bills Receivable A/c .... Dr.
|
4500
| ||
To Ashok A/c
|
4500
| |||
[Being the bill is drawn]
| ||||
1.3.2010
|
Bill Sent for Collection A/c .... Dr.
|
4500
| ||
To Bills Receivable A/c
|
4500
| |||
[Being the Bill is sent to Bank for collection]
| ||||
4.3.2010
|
Bank A/c ... Dr.
|
4500
| ||
To Bill Sent for Collection A/c
|
4500
| |||
[Being the bill sent to bank for collection, honoured on due date]
|