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Question No 6 Chapter No 16 – T.S. Grewal 11 Class

Question No 6 Chapter No 16
Question No.6 - Chapter No.16- T.S. Grewal +1 Book 2019-Solution

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Question No 6 Chapter No 16

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6. Dinesh received from Shridhar and acceptance for 3,000 on 1st September 2016 at 3 months. Dinesh got the acceptance discounted at 9% p.a. from his bank. On the due date, Shridhar paid the required amount. Give the Journal entries in the books of Dinesh and Shridhar.

The solution of Question No 5 Chapter No 16: – 


Books of Shridhar
Date  Particulars
L.F.DebitCredit
2018     
Sep.01Bills Receivable A/cDr. 3,000 
 To Shridhar A/c   3,000
 (Being Shridhar accepted received )   
Sep.01Bank A/cDr. 2,932.50 
 Discount Charges A/cDr. 67.50 
 To Bills Receivable A/c   3,000
 (Being bill received with Discount )   
     
 

 


Books of Dinesh
Date  Particulars
L.F.DebitCredit
2018     
Sep.01Manish A/cDr. 3,000 
 To Bills Payable A/c   3,000
 (Being Bill accepted )   
Sep.01Bills Payable A/cDr. 3,000 
 To Bank A/c   3,000
 (Being Cash paid against the bill )   
     

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Bill of exchange (BOE): Meaning and Examples

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

  • Chapter No. 1 – Introduction to Accounting
  • Chapter No. 2 – Basic Accounting Terms
  • Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
  • Chapter No. 4 – Bases of Accounting
  • Chapter No. 5 – Accounting Equation
  • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
  • Goods and Services Tax(GST)
  • Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
  • Chapter No. 8 – Journal
  • Chapter No. 9 – Ledger
  • Chapter No. 10 – Special Purpose Books I – Cash Book
  • Chapter No. 11 – Special Purpose Books II – Other Books
  • Chapter No. 12 – Bank Reconciliation Statement
  • Chapter No. 13 – Trial Balance
  • Chapter No. 14 – Depreciation
  • Chapter No. 15 – Provisions and Reserves
  • Chapter No. 16 – Accounting for Bills of Exchange
  • Chapter No. 17 – Rectification of Errors
  • Chapter No. 18 – Financial Statements of Sole Proprietorship
  • Chapter No. 19 – Adjustments in preparation of Financial Statements
  • Chapter No. 20 – Accounts from incomplete Records – Single Entry System
  • Chapter No. 21 – Computers in Accounting
  • Chapter No. 22 – Accounting Software – Tally
  • Chapter No. 5 – Accounting Equation
  • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
  • Goods and Services Tax(GST)
  • Chapter No. 8 – Journal
  • Chapter No. 9 – Ledger
  • Chapter No. 10 – Special Purpose Books I – Cash Book

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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