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प्रश्न
Sushant owes Surekha Rs 1,25,000 Surekha draws a bill for Rs 1,00,000 on Sushant for 4 months period and received the cheque for the balance. The bill is duly accepted and returned by Sushant. On the same date Surekha endorsed Sushant’s acceptance to Suresh.
On the due date Suresh informed Surekha that Sushant dishonoured his acceptance and Rs 3,175 paid as noting charges Surekha then drew a new bill for 3 month on Sushant including noting charges and interest Rs 4,000. On the due date bill was duly honoured by Sushant.
Write Journal entries in the books of Surekha and prepare Surekha’s account in the books of Sushant.
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उत्तर
Books of Surekha
Journal Entry
| Date | Particulars | L.F. | Debit Amount (Rs.) | Credit Amount (Rs.) |
| Bank A/c Dr. Bills Receivable A/c Dr. To Sushant A/c (Bill drawn and accepted and rest of the amount received in cash) |
25,000 100,000 |
125,000 | ||
| Suresh A/c Dr. To Bills receivable A/c (Bill endorsed to Suresh, a Creditor) |
100,000 | 100,000 | ||
| Sushant A/c Dr. To Suresh A/c (Bill endorsed to Suresh,dishonoured and noting charges of Rs 3,175 paid) |
103,175 | 103,175 | ||
| Bills Receivable A/c Dr. To Sushant A/c To Interest A/c (New bill drawn and accepted including interest of Rs.4000) |
107,175 | 103,175 4,000 |
||
| Cash/Bank A/c Dr. To Bills Receivable A/c (Bill honoured on due date) |
107,175 | 107,175 |
In the Book Of Sushant
Surekha's Account
Dr. Cr.
| Date | Particulars | J.F. | Amount (Rs.) | Date | Particulars | J.F. |
Amount |
| Bank A/c | 25,000 | Balance b/d | 125,000 | ||||
| Bills Payable A/c | 100,000 | Bills Payable A/c | 100,000 | ||||
| Bills Payable | 107,175 | Noting Charges | 3,175 | ||||
| Interest A/c | 4,000 | ||||||
| 232,175 | 232,175 |
