The Total solution for NCERT class 6-12
Books of Gaurav
Journal
Date
Particulars
L.F.
Debit ₹
Credit₹
2017
01 Feb
Kapil
Dr.
21,000
To Sales A/c
(Goods tradedto Kapil)
Bills Receivable A/c
To Kapil
(Kapil’s acceptance received)
25 Feb
Bills Sent for Collection A/c
To Bills Receivable A/c
(Bill Receivable sent to bank for collection)
04 Mar
21,100
To Bill Sent for Collection A/c
To Bank A/c
100
(Kapil’s acceptance dishonoured)
Books of Kapil
Purchases A/c
To Gaurav
(Goods purchased from Gaurav)
Gaurav
To Bills Payable A/c
(Bill drawn by Gaurav payable after one month
accepted)
Bills Payable A/c
Noting Charges A/c
(Bill drawn by Kapil dishonoured)