How to write the following in double column cash book :-

Honoured our own acceptance by cheque.

Drawer’s A/c





To Bills Payable A/c





(Being acceptance of bill given by us)










Bills Payable A/c





To Bank A/c





(Being acceptance honoured through bank)





  • 28

bank (dr.)

to cash

(being acceptance accepted .)

it will be contra entry

in which cash is being accepted through cheque so bank will be debited n cash will be credited

  • -17
What are you looking for?