Question

Q.3. Problem on Bills of Exchange : 1 ournalise the following bill transactions as on 11th January, 2016 in the books of Balaji:

(A) Renewed Shreyas' acceptance of ₹10,000 on 11th January, 2016 by receiving ₹6,000 in cash

and drawing a new bill including interest ₹800 for 2 months.

(B) Bank intimated that Narayan's acceptance of ₹6,000 which was discounted dishonoured,

bank paid noting charges ₹100.

(C) Padmavati informs Balaji that Laxmi's acceptance of ₹8,000 endorsed to Padmavati has

been dishonoured. Noting charges amounted to ₹ 90.

(D) Bholenath honoured his acceptance of ₹4,800 which was deposited into bank for collection

and bank charges debited ₹95.​

Answer 1

1.

Shreya s a/c Dr

To bills receivable

cash ac Dr

to Shreya ac

2. narayan alc Dr

to BSFC ac

to Bank ac

3.

Laxmi alc Dr

to Padmavati alc

4.

Bank ac Dr

Bank charges ac Dr

to bsfc ac

gn

Khalsa

pls like and f

Answer 2

bbye cubs hhn dn bccha jhund bccha nuns bccha benchmark