Question No 12 Chapter No 14 – Class 11 Unimax

12. On 15th June, 2019, Mohan sold goods to Sohan valued at ₹ 2,000. He drew a bill at 3 months for the amount and discounted the same with his banker at ₹ 1,960. On the date the bill was dishonoured and Mohan paid the bank the amount due plus the noting charges of ₹ 10.
Draft the journal entries in the books of all parties.

Table of Contents

The solution of Question No 12 Chapter No 14 – UNIMAX Class 11

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

The solution of Question No 12 Chapter No 14 – UNIMAX Class 11

Journal for Mr. ‘Mohan’ (Drawer)
Date	Particulars		L.F.	Debit	Credit
2019
June 15	Sohan A/c	Dr.		2,000
	To Sales A/c				2,000
	(Being goods sold on credit)

June 15	Bill receivable A/c	Dr.		2,000
	To Sohan A/c				2,000
	(Being the bill for 3 months drawn and accepted)

June 15	Cash A/c	Dr.		1,960
	Discount A/c	Dr.		40
	To Bill receivable A/c				2,000
	(Being the bill discounted from bank)

Sept.18	Mohan A/c	Dr.		2,010
	To Bank A/c				2,010
	(Being the bill dishonoured and paid ₹ 10 as noting charges)

Journal for Mr. ‘Sohan’ (Drawer)
Date	Particulars		L.F.	Debit	Credit
2020
June 15	Purchases A/c	Dr.		2,000
	To Mohan’s A/c				2,000
	(Being the goods purchased on credit)

June 15	Mohan A/c	Dr.		2,000
	To Bill payable A/c				2,000
	(Being the bill for 3 months accepted and returned)

Sept.18	Bill payable A/c	Dr.		2,000
	Noting charges A/c	Dr.		10
	To Mohan A/c				2,010
	(Being the bill dishonoured on due date and ₹ 10 paid as noting charges by Mohan)

Read out the full article to know the meaning of Cash Book

Bill of exchange (BOE): Meaning and Examples

Also, Check out the same article in Hindi from the following link

Bill of exchange (BOE): Meaning and Examples

Also, Check out the solved question of all Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Chapter No. 1 – Introduction of Accounting
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Vouchers and Transactions
Chapter No. 4 – Journal
Chapter No. 5 – Goods and Services Tax (GST): An Introduction
Chapter No. 6 – Ledger
Chapter No. 7 – Special Purpose Book – Cash Book
Chapter No. 8 – Other Subsidiary Books
Chapter No. 9 – Trial Balance
Chapter No. 10 – Rectification of Errors
Chapter No. 11 – Depreciation
Chapter No. 12 – Provision and Reserves
Chapter No. 13 – Bank Reconciliation Statement
Chapter No. 14 – Bills of Exchange

Students may choose only one part from the Part II and Part III

Part-II

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Chapter No. 15 – Financial Statements (Without Adjustments)
Chapter No. 16 – Financial Statements (With Adjustments)
Chapter No. 17 – Accounts from Incomplete Records – Single Entry System

Part-III

Chapter No. 18 – Introduction to Computers and Accounting information System
Chapter No. 19 – Computerised Accounting
Chapter No. 20 – Accounting Software: Tally
Chapter No. 21 – Data Base System
Chapter No. 22 – Concept of Entity and Relationship

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