Journal Entries in the Books
of Sharma
Date
|
Particulars
|
LF
|
Debit
(Rs)
|
Credit
(Rs)
|
1.6.77
|
Jain's A/c ....Dr.
|
|
3000
|
|
|
To Sales A/c
|
|
|
3000
|
|
[Being the Goods Are sold]
|
|
|
|
3.6.77
|
Bills Receivable A/c ....Dr.
|
|
3000
|
|
|
To Jain's A/c
|
|
|
3000
|
|
[Being the bill is drawn]
|
|
|
|
15.6.77
|
Bank A/c ....Dr.
|
|
2980
|
|
|
Discount A/c ....Dr.
|
|
120
|
|
|
To Bills Receivable A/c
|
|
|
3000
|
|
{Being the bill is discounted]
|
|
|
|
6.9.77
|
Jain's A/c ....Dr.
|
|
3020
|
|
|
To Bank A/c
|
|
|
3020
|
|
[Being the discounted bill is dishonoured along with Noting Charges]
|
|
|
|
In the Books of Jain
Sharma's A/c
Date
|
Particulars
|
J
F
|
Amount
|
Date
|
Particulars
|
J
F
|
Amount
|
3.6.77
|
To Bills Payable A/c
|
|
3000
|
1.6.77
|
By Purchases A/c
|
|
3000
|
6.9.77
|
To balance b/d
|
|
3020
|
6.9.77
|
By Bills Payable A/c
|
|
3000
|
|
|
|
|
6.9.77
|
By Noting Charges
|
|
20
|
|
|
|
6020
|
|
|
|
6020
|