The Total solution for NCERT class 6-12
Books of Asha
Journal
Date
Particulars
L.F.
Debit ₹
Credit₹
2017
02 Mar
Nisha
Dr.
19,000
To Sales A/c
(Goods tradedto Nisha)
Cash A/c
4,000
Bills Receivable A/c
15,000
To Nisha
(Cash and Nisha’s acceptance received)
Bank A/c
14,635
Discount A/c
375
To Bills Receivable A/c
(Nisha’s acceptance discounted with bank at 10% p.a.)
Note: In this question rate of discount is not
given, the rate of discount (10% p.a.) has been
assumed).
05 Jun
15,030
To Bank A/c
(Nisha’s acceptance dishonoured and bank
paid ₹ 30 as noting charges)
Books of Nisha
Debit
₹
Purchases A/c
To Asha
(Goods purchased from Asha)
Asha
To Bills Payable A/c
To Cash A/c
(Asha’s bill accepted payable after three month and
₹ 4,000 paid in cash)
Jun.05
Bills Payable A/c
Noting Charges A/c
30
(Asha’s bill dishonoured)