# Question No 10 Chapter No 13 – D.K Goal 11 Class

Q-10 - CH-13 - D.K Goal +1 Book 2020 - Solution

Question No 10 Chapter No 13

Dishonor of a Bill

10. On 17th April, 2018, X sold goods to Y for 80,000 and draws a bill for 2 months upon Y for the amount due. Y accepted the bill and returned it to X. On due date the bill became dishonoured and X paid 400 as Noting Charges. Fifteen days later Y pays the amount due to X. Pass Journal entries in the books of both the parties.

## The solution of Question No 10 Chapter No 13: –

 In the books of X (Drawer) Date Particulars L.F. Debit Credit 2019 Apr.17 Y A/c Dr. 89,600 To Sale A/c 80,000 To Output CGST A/c 4,800 To Output SGST A/c 4,800 (Being Goods sold to Y plus CGST and SGST 6%) Apr.17 Bills Receivable A/c Dr. 89,600 To Y A/c 89,600 (Being Y accepted the bill) Jun.20 Y A/c Dr. 90,000 To Bills Receivable A/c 89,600 To Cash A/c 400 (Being Bill dishonoured on the due date and noting charges received) Jul.05 Cash A/c Dr. 90,000 To Y A/c 90,000 (Being Cash received from Y)
 In the books of Y (Drawee) Date Particulars L.F. Debit Credit 2019 Apr.17 Purchases A/c Dr. 80,000 Input CGST A/c Dr. 4,800 Input SGST A/c Dr. 4,800 To X A/c 89,600 (Being Goods purchased from X) Apr.17 X A/c Dr. 89,600 To Bills Payable A/c 89,600 (Being Bill drawn by X, accepted) Jun.20 Bills Payable A/c Dr. 89,600 Noting Charges A/c Dr. 400 To X A/c 90,000 (Being Bill retired under their bate of @18) Jul.05 X A/c Dr. 90,000 To Y A/c 90,000 (Being Cash paid to X)

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