The Total solution for NCERT class 6-12
Books of Rashmi
Journal
Date
Particulars
L.F.
Debit ₹
Credit₹
2017
14 Feb
Alka
Dr.
7,500
To Sales A/c
(Goods tradedto Alka)
Cash A/c
500
Bills Receivable A/c
7,000
To Alka
(Cash received ₹ 500 and the bill accepted by Alka)
10 Apr
To Bills Receivable A/c
(Alka got the bill cancelled)
2,000
(Received cash from Alka)
To Interest A/c
(Interest charged on the amount due from Alka)
5,500
(Alka’s acceptance payable of two months received)
13 June
(Alka’s acceptance met on due date)
Ledger
Alka’s Account
Cr.
J.F.
Amount ₹
Sales
Cash
Bills Receivable
Interest
15,000
Books of Alka
Purchases A/c
To Rashmi
(Goods purchased from Rahsmi)
Rashmi
To Cash A/c
To Bills Payable A/c
(Cash paid to Rashmi ₹ 500 and a bill for ₹ 7,000
drawn by Rashmi accepted)
Bills Payable A/c
(Bill cancelled before maturity)
(Cash paid to Rashmi)
Interest A/c
(Interest due to Rashmi)
(Rashmi’s acceptance payable after two months
accepted)
(The bill met on due date)
Rashmi’s Account
Purchases
Bills Payable