Question No 30 Chapter No 15 – USHA Publication 11 Class

Question No 30 Chapter No 15

Question No 30 Chapter No 15

Dishonour of Bill

30. For the goods supplied on 1st January 2017 Gab=nesh Draws a bill on Dinesh for Rs 3,100 du three months after date . The bill is endorsed to Mahesh who discount it at 8% per annum. On the due date, the bill is dishonoured and Ganesh takes it up paying nothing charges Rs 40
Journalise the above transactions in the book of Ganesh, Dinesh and Mahesh.

The solution of Question No 30 Chapter No 15: –3>

In the books of Ganesh(Drawer)
Date   Particulars
Debit Credit
Jan.1 Dinesh A/c Dr.   3,100  
  To Sale A/c       3,100
  (Being goods sold on credit )        
Jan.1 Bill Receivable A/c Dr.   3,100  
  To Dinesh A/c       3,100
  (Being the receipt of an acceptance for 3 months)        
Jan.1 Mahesh A/c Dr.   3,100  
  To Bill Receivable A/c       3,100
  (Being bill endorsed to Mahesh)        
Apr.4 Dinesh A/c Dr.   3,140  
  To Bank A/c       3,140
  (Being bill dishonoured on maturity)        


In the books of Dinesh(Drawee)
Date   Particulars
L.F. Debit Credit
Jan.1 Purchases A/c Dr.   3,100  
  To Ganesh A/c       3,100
  (Being goods purchased on credit.)        
Jan.1 Ganesh A/c Dr.   3,100  
  To Bill payable A/c       3,100
  (Being the bill acceptance for 3 months)        
Apr.4 Bill Payable A/c Dr.   3,100  
  Noting Charges A/c Dr.   40  
  To Narendra A/c       3,140
  (Being the dishonor of the bill on the due date )        


In the books of Mahesh(endorsee)
Date   Particulars
L.F. Debit Credit
Jan.1 Bill receivable A/c Dr.   3,100  
  To Ganesh A/c       3,100
  (Being the receipts of an acceptance)        
Jan.1 Bank A/c Dr.   3,038  
  Discount A/c Dr.   62  
  To Bills receivable A/c       3,100
  (Being the bill discounted with bank)        



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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