Question No 27 Chapter No 15 - USHA Publication 11 Class

Question No 27 Chapter No 15

Table of Contents

The solution of Question No 27 Chapter No 15: –

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

Dishonour of Bill

27. On January 1,2019 Asha sold goods to Bhanu for Rs 8,000 and drew a bill on Bhanu for 2 months. Bhanu acceptance the bill. On the March 1,2019, Asha deposited to her banker Allahabad Bank collection. But on the due date, the bill was dishonoured and nothing charges paid were Rs 300. Record these transaction in the book of Asha and Bhanu.

The solution of Question No 27 Chapter No 15: –

In the books of Asha
Date	Particulars		L.F.	Debit	Credit
2018
Jan.1	Bhanu A/c	Dr.		8,000
	To Sale A/c				8,000
	(Being goods sold on credit )

Jan.1	Bill Receivable A/c	Dr.		8,000
	To Bhanu A/c				8,000
	(Being the receipt of an acceptance from Bhanu for 2 months)

Mar.1	Bank for collection A/c	Dr.		8,000
	To Bill Receivable A/c				8,000
	(Being bill sent for collection)

Mar.4	Bhanu A/c	Dr.		8,000
	To Bill Receivable A/c				8,000
	(Being the dishonoured of the bill on the due date)

In the books of Bhanu
Date	Particulars		L.F.	Debit	Credit
2018
Jan.1	Purchases A/c	Dr.		8,000
	To Asha A/c				8,000
	(Being goods purchased on credit.)

Jan.1	Asha A/c	Dr.		8,000
	To Bills payable A/c				8,000
	(Being the bill acceptance for 2 months)

Mar.4	Bill Payable A/c	Dr.		8,000
	To Asha A/c				8,000
	(Being the dishonor of the bill on the due date)