Question No 29 Chapter No 15 – USHA Publication 11 Class

Question No 29 Chapter No 15

Question No 29 Chapter No 15

Dishonour of Bill

29. On 1st January 2019 Narendra Draws a bill on Rajendra for Rs 16,000 at 3 months date on account of goods supplied. Rajendra accepts the ill and returns it to Narendra who discounts the same with his bankers at 5 per cent per annum on 4th January. On the due date, the bill is dishonoured and the bank pay Rs 200 as noting charges. Enter the above transaction in the journal of all the parties.

The solution of Question No 29 Chapter No 15: –

In the books of Narendra
Date   Particulars
L.F. Debit Credit
Jan.1 Rajendra A/c Dr.   16,000  
  To Sale A/c       16,000
  (Being goods sold on credit )        
Jan.1 Bill Receivable A/c Dr.   16,000  
  To Rajendra A/c       16,000
  (Being the receipt of an acceptance for 3 months)        
Jan.4 Bank A/c Dr.   15,800  
  Discount A/c Dr.   200  
  To Cash A/c       16,000
  (Being bill sent for collection)        
Apr.4 Rajendra A/c Dr.   16,200  
  To Bank A/c       16,200
  (Being bill dishonoured on maturity, nothing charges Rs 200 paid by the bank)        


In the books of Rajendra
Date   Particulars
L.F. Debit Credit
Jan.1 Purchases A/c Dr.   16,000  
  To Narendra A/c       16,000
  (Being goods purchased on credit.)        
Jan.1 Narendra A/c Dr.   16,000  
  To Bill payable A/c       16,000
  (Being the bill acceptance for 3 months)        
Apr.4 Bill Payable A/c Dr.   16,000  
  Noting Charges A/c Dr.   200  
  To Narendra A/c       16,200
  (Being the dishonour of the bill on the due date )        


Bills Receivable Book | Subsidiary Books | Examples


Bills Payable Book | Subsidiary Books | Examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

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)

Leave a Reply

Your email address will not be published. Required fields are marked *