plz ans of Q. 11,13,15 of bill of exchange. dk goel class 11
The solutions to question number 11 and 13 is provided to you below. We advice you to try solving question number 15 with the help of examples given below, in case of any difficulty you can get back to us with your specific query.
Q 11
Journal(In the books of X) | |||||
Date | Particulars | L.F. | Debit Amount (Rs) | Credit Amount (Rs) | |
|
|
|
|
|
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Jan 01 | Y A/c | Dr |
| 20,000 |
|
| To Sales |
|
|
| 20,000 |
| (being sales made to Y on credit) |
|
|
|
|
|
|
|
|
|
|
Jan 01 | Bills Receivable I A/c | Dr |
| 20,000 |
|
| To Y A/c |
|
|
| 20,000 |
| (being bill received from Y) |
|
|
|
|
|
|
|
|
|
|
Jan 08 | Y A/c | Dr |
| 25,000 |
|
| To Sales |
|
|
| 25,000 |
| (being sales made to Y on credit) |
|
|
|
|
|
|
|
|
|
|
Jan 08 | Bills Receivable II A/c | Dr |
| 25,000 |
|
| To Y A/c |
|
|
| 25,000 |
| (being bill received from Y) |
|
|
|
|
|
|
|
|
|
|
Jan 08 | Cash A/c | Dr |
| 24,625 |
|
| Discounting Charges A/c | Dr |
| 375 |
|
| To Bills Receivable II A/c |
|
|
| 25000 |
| (being bill discounted with bank @ 9%) |
|
|
|
|
|
|
|
|
|
|
Jan 10 | Y A/c | Dr |
| 10,000 |
|
| To Sales |
|
|
| 10,000 |
| (being sales made to Y on credit) |
|
|
|
|
|
|
|
|
|
|
Jan 10 | Bills Receivable III A/c | Dr |
| 10,000 |
|
| To Y A/c |
|
|
| 10,000 |
| (being bill received from Y) |
|
|
|
|
|
|
|
|
|
|
Jan 10 | Z A/c | Dr |
| 10,400 |
|
| To Bill Receivable III A/c |
|
|
| 10,000 |
| To Discount Received A/c |
|
|
| 400 |
| (being Bill III endorsed to Z and discount received Rs 400) |
|
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|
|
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|
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Jan 15 | Y A/c | Dr |
| 40,000 |
|
| To Sales |
|
|
| 40,000 |
| (being sales made to Y on credit) |
|
|
|
|
|
|
|
|
|
|
Jan 15 | Bills Receivable IV A/c | Dr |
| 40,000 |
|
| To Y A/c |
|
|
| 40,000 |
| (being bill received from Y) |
|
|
|
|
|
|
|
|
|
|
Jan 15 | Bill sent for collection A/c | Dr |
| 40,000 |
|
| To Bills Receivable IV A/c |
|
|
| 40,000 |
| (being bill sent to bank for collection) |
|
|
|
|
|
|
|
|
|
|
Mar 5 | Cash | Dr |
| 20,000 |
|
| To Bills Receivable I A/c |
|
|
| 20,000 |
| (being bill honoured on the due date and cash received) |
|
|
|
|
|
|
|
|
|
|
Mar 19 | Bank A/c | Dr |
| 40,000 |
|
| To Bills sent for collection A/c |
|
|
| 40,000 |
| (being bill IV honoured on due date) |
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|
|
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| |
Journal(In the books of Y) | |||||
Date | Particulars | L.F. | Debit Amount (Rs) | Credit Amount (Rs) | |
|
|
|
|
|
|
Jan 01 | Purchases A/c | Dr |
| 20,000 |
|
| To X A/c |
|
|
| 20,000 |
| (being goods purchased from X on credit) |
|
|
|
|
|
|
|
|
|
|
Jan 01 | X A/c | Dr |
| 20,000 |
|
| To Bills Payable I A/c |
|
|
| 20,000 |
| (being bill accepted) |
|
|
|
|
|
|
|
|
|
|
Jan 08 | Purchases A/c | Dr |
| 25,000 |
|
| To X A/c |
|
|
| 25,000 |
| (being goods purchased from X on credit) |
|
|
|
|
|
|
|
|
|
|
Jan 08 | X A/c | Dr |
| 25,000 |
|
| To Bills Payable II A/c |
|
|
| 25,000 |
| (being bill accepted) |
|
|
|
|
|
|
|
|
|
|
Jan 10 | Purchases A/c | Dr |
| 10,000 |
|
| To X A/c |
|
|
| 10,000 |
| (being goods purchased from X on credit) |
|
|
|
|
|
|
|
|
|
|
Jan 10 | X A/c | Dr |
| 10,000 |
|
| To Bills Payable III A/c |
|
|
| 10,000 |
| (being bill accepted) |
|
|
|
|
|
|
|
|
|
|
Jan 15 | Purchases A/c | Dr |
| 40,000 |
|
| To X A/c |
|
|
| 40,000 |
| (being goods purchased from X on credit) |
|
|
|
|
|
|
|
|
|
|
Jan 15 | X A/c | Dr |
| 40,000 |
|
| To Bills Payable IV A/c |
|
|
| 40,000 |
| (being bill accepted) |
|
|
|
|
|
|
|
|
|
|
Mar 05 | Bills Payable I A/c | Dr |
| 20,000 |
|
| To Cash A/c |
|
|
| 20,000 |
| (being bill discharged on due date) |
|
|
|
|
|
|
|
|
|
|
Mar 05 | Bills Payable I A/c | Dr |
| 25,000 |
|
| To Cash A/c |
|
|
| 25,000 |
| (being bill discharged on due date) |
|
|
|
|
|
|
|
|
|
|
Mar 05 | Bills Payable I A/c | Dr |
| 10,000 |
|
| To Cash A/c |
|
|
| 10,000 |
| (being bill discharged on due date) |
|
|
|
|
|
|
|
|
|
|
Mar 19 | Bills Payable I A/c | Dr |
| 40,000 |
|
| To Cash A/c |
|
|
| 40,000 |
| (being bill discharged on due date) |
|
|
|
|
|
|
|
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| |
Q 13
Journal(In the books of X) | |||||
Date | Particulars | L.F. | Debit Amount (Rs) | Credit Amount (Rs) | |
|
|
|
|
|
|
Apr 17 | Y A/c | Dr |
| 80,000 |
|
| To Sales |
|
|
| 80,000 |
| (being sales made to Y on credit) |
|
|
|
|
|
|
|
|
|
|
Apr 17 | Bills Receivable I A/c | Dr |
| 80,000 |
|
| To Y A/c |
|
|
| 80,000 |
| (being bill received from Y) |
|
|
|
|
|
|
|
|
|
|
June 20 | Y A/c | Dr |
| 80,400 |
|
| To Bills Receivable A/c |
|
|
| 80,000 |
| To Noting Charges A/c |
|
|
| 400 |
| (being bill dishonoured, noting charges Rs 400) |
|
|
|
|
|
|
|
|
|
|
July 05 | Cash | Dr |
| 80,400 |
|
| To Y A/c |
|
|
| 80,400 |
| (being cash received from Y) |
|
|
|
|
|
|
|
|
|
|
Journal(In the books of Y) | |||||
Date | Particulars | L.F. | Debit Amount (Rs) | Credit Amount (Rs) | |
|
|
|
|
|
|
Apr 17 | Purchase A/c | Dr |
| 80,000 |
|
| To X A/c |
|
|
| 80,000 |
| (being goods purchased from X on credit) |
|
|
|
|
|
|
|
|
|
|
Apr 17 | X A/c | Dr |
| 80,000 |
|
| To Bills Payable A/c |
|
|
| 80,000 |
| (being bill accepted) |
|
|
|
|
|
|
|
|
|
|
June 20 | Bills Payable A/c | Dr |
| 80,000 |
|
| Noting Charges A/c | Dr |
| 400 |
|
| To X A/c |
|
|
| 80,400 |
| (being bill dishonoured) |
|
|
|
|
|
|
|
|
|
|
July 05 | X A/c | Dr |
| 80,400 |
|
| To Cash A/c |
|
|
| 80,400 |
| (being cash paid to X) |
|
|
|
|
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| |