The Total solution for NCERT class 6-12
Books of Vishal
Journal
Date
Particulars
L.F.
Debit
Amount
₹
Credit
2016
05 Jan
Manju
Dr.
7,000
To Sales A/c
(Good Manju)
Bills Receivable A/c
To Manju
(Manju’s acceptance received for two months)
Bank A/c
6,860
Discount A/c
140
To Bills Receivable A/c
(Bill Receivable discounted with the bank @ 12 % p.a. for two months)
Books of Manju
Purchases A/c
To Vishal
(purchasing from Vishal)
Vishal
To Bills Payable A/c
(Bill drawn by Vishal acknowledged)
08 Mar
Bills Payable A/c
To Bank A/c
(Bill Payable Amount paid to bank on maturity)