Question

Anil sold goods to Ravindra for 6,000. Ravindra accepted Anil's bill for * 6,000 payable
after 3 months. After a month, Anil discounted the bill with his bank at 10% p.a. On
accepted a fresh bill for 3 months for the balance including interest @ 8% p.a. Anil sent
the due date Ravindra dishonoured his acceptance. Ravindra paid 3,000 to Anil and
the bill to bank for collection. On due date Ravindra honoured the bill.
Pass the Journal Entries in the books of Anil.

bank charges is not given .
what taken bank charges ​

Answer 1

Answer:

Journal

Ravinder. dr. 6000

To sales account. 6000

Bills receivable account. dr 6000

To Ravinder. 6000

bank account. dr. 5900

discount charges account dr 100

To bills receivable account 6000

Ravinder. dr. 6000

To bank account. 6000

cash account. dr. 3000

To Ravinder. 3000

Ravinder. dr. 60

To interest account. 60

Bills receivable account. dr 3060

To Ravinder. 3060

Bill sent for collection a/c dr. 3060

To Bills receivable account. 3060

Bank account. dr. 3060

To bill sent for collection a/c. 3060

Answer 2

Answer:

Explanation:

Anil sold gode to Ravindrs for 6000 Ravindes accepted Anis bill for €6,000 payable after 3 months After a month, Anil discounted the bill with his besk at 10% pa. On the due date Ravindrs diabonoured his scceptance. Ravindre paid 1,000 to Anil and septed fresh ball for & months for the balanes including interest pa. Anil went the bill to bank for collection On due date Ravindra honoured the hill Pass the Journal Entries in the books of Anil