Question No 25 Chapter No 15 - USHA Publication 11 Class

Question No 25 Chapter No 15

Table of Contents

The solution of Question No 25 Chapter No 15: –

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

Dishonour of Bill

25. Hema owes Rs 18,000 to Lata on 1st January 2018 for which Hema accepts a 3 months bill drawn by Lata. O the due date, the bill is dishonoured by Hema
Pass the necessary journal entries in the book of both the parties in the following cases:
(a)The bill is retained by Lata till due date
(b)The bill is dishonoured from bank for Rs 17,200
(c)The bill is endorsed to Pushpa
(d)The bill is sent to Yes Bank for collection

The solution of Question No 25 Chapter No 15: –

In the books of Lata
Date	Particulars		L.F.	Debit	Credit
2018
Jan.1	Bill Receivable A/c	Dr.		18,000
	To Hema A/c				18,000
	(Being bill drawn for 3 months)

(a)	Hema A/c	Dr.		18,000
	To Bill Receivable A/c				18,000
	(Being retained bill dishonoured )

(b)	Bank A/c	Dr.		17,200
	Discount A/c	Dr.		800
	To Bill Receivable A/c				18,000
	(Being bill discounted from the bank)

	Hema A/c	Dr.		18,000
	To Bill Receivable A/c				18,000
	(Being discounted bill dishonoured )

(c)	Pushpa A/c	Dr.		18,000
	To Bill Receivable A/c				18,000
	(Being bill endorsed)

	Hema A/c	Dr.		18,000
	To Bill Receivable A/c				18,000
	(Being endorsed bill dishonoured )

(d)	Bank for collection A/c	Dr.		18,000
	To Bill Receivable A/c				18,000
	(Being bill sent to the bank for collection)

	Hema A/c	Dr.		18,000
	To Bill Receivable A/c				18,000
	(Being discounted bill dishonoured )

In the books of Hema
Date	Particulars		L.F.	Debit	Credit
2018
Jan.1	Lata A/c	Dr.		18,000
	To Bill Payable A/c				18,000
	(Being bill payable for 3 months.)

(a)	Bill Payable A/c	Dr.		18,000
	To Lata A/c				18,000
	(Being retained bill dishonoured)

(b)	Bill Payable A/c	Dr.		18,000
	To Lata A/c				18,000
	(Being discounted bill dishonoured)

(c)	Bill Payable A/c	Dr.		18,000
	To Lata A/c				18,000
	(Being endorsed bill dishonoured)

(d)	Bill Payable A/c	Dr.		18,000
	To Lata A/c				18,000
	(Being bill sent to the bank for collection dishonoured)