Question No 19 Chapter No 15 – USHA Publication 11 Class

Question No 19 Chapter No 15

Question No 19 Chapter No 15

Alternatives available with Drawer

19. Jasdev Singh sold goods o Hardev Singh on 1st February 2019 for Rs 20,000. Hardev Singh gave a promissory note to Jasdev Singh on 4th February 2019 of 3 months duration for the amount. Jasdev Singh sent the promissory note to bank for collection on 5th may 2019 which was duly collected on the due date. Bank charged Rs 300 as collection charges.
Record the enters in the books of Jasdev Singh and Hardev Singh.

The solution of Question No 19 Chapter No 15: –

In the books of Jasdev Singh (Drawer)
Date   Particulars
L.F. Debit Credit
Feb.1 Hardev Singh A/c Dr.   20,000  
  To Sales A/c       20,000
  (Being goods sold on credit)        
Feb.4 Bill Receivable A/c Dr.   20,000  
  To Hardev Singh A/c       20,000
  (Being Acceptance received for three months)        
May.5 Bank for collection A/c Dr.   20,000  
  To Bill Receivable A/c       20,000
  (Being bill sent to the bank for collection)        
May.7 Bank A/c Dr.   19,700  
  Collection  Charge  A/c Dr.   300  
  To Bill Receivable  A/c       20,000
  (Being bill collected by the bank)        


In the books of Hardev Singh (Drawee)
Date   Particulars
L.F. Debit Credit
Feb.1 Purchases A/c Dr.   20,000  
  To Jasdev Singh A/c       20,000
  (Being bill discounted on a month before maturity @12% p.a.)        
Feb.1 Jasdev Singh A/c Dr.   20,000  
  To Bill Payable A/c       20,000
  (Being acceptance given for three months)        
Mar.4 Bill Payable A/c Dr.   20,000  
  To Cash A/c       20,000
  (Being bill met on Maturity)        



Bills Receivable Book | Subsidiary Books | Examples


Bills Payable Book | Subsidiary Books | Examples

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

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

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