The Total solution for NCERT class 6-12
Books of Abdula
Journal
Date
Particulars
L.F.
Debit ₹
Credit₹
2017
17 Jan
Tahir
Dr.
18,000
To Sales A/c
(Goods tradedto Tahir)
Bills Receivable A/c
To Tahir
(Tahir’s acceptance received)
06 Mar
18,040
To Bills Receivable A/c
To Cash
40
(Tahir’s acceptance dishonoured and ₹ 40 paid as
noting charges)
660
To Interest A/c
(Interest charged from Tahir on account of bill
dishonoured)
12 Mar
Cash A/c
18,700
(Tahir cleared his account by paying cash)
Ledger
Tahir’s Account
Cr.
J.F.
Amount ₹
Sales
Bills Receivable
11 Mar
Cash
Interest
36,700
Books of Tahir
Purchases A/c
To Abdula
(Goods purchased from Abdula)
Abdula
To Bills Payable A/c
(Bill drawn by Abdula accepted, payable after 15 days)
Bills Payable A/c
Noting Charges A/c
(Abula’s bill dishonoured)
07 Mar
Interest A/c
(Interest charged on account of bill dishonoured)
To Cash A/c
(Cash paid to Abdula)
Abdula’sAccount
Bills Payable
Purchases
Noting Charges