The Total solution for NCERT class 6-12
Books of Jimmi
Journal
Date
Particulars
L.F.
Debit
Amount
₹
Credit
2016
01 Feb
John
Dr.
15,000
To Sales A/c
(Goods traded to John)
Bank A/c
5,000
To John
(Cheque acknowledged for ₹ 5,000 from John)
Bills Receivable A/c
10,000
(Bill received from John for 40 days)
10 Mar
Bill Sent for Collection A/c
To Bills Receivable A/c
(John’s approval sent to bank for collection)
15 Mar
To Bill Sent for Collection A/c
(John’s approval met on due date and bank
got the payment)
Ledger
John’s Account
Cr.
J.F.
Amount ₹
Sales
Bank
Bills Receivable
Books of John
Purchases A/c
To Jimmi
(Goods purchased from Jimmi)
Jimmi
To Bank A/c
(Cheque payment done to Jimmi)
To Bills Payable A/c
(Bill drawn by Jimmi acknowledged for 40 days)
Bills Payable A/c
(Payment of bill done on maturity to bank)
Jimmi’s Account
Purchases
Bills Payable