Nisha informs Kamalakar that
Shanti’s acceptance for Rs. 14,000 endorsed to Nisha has been dishonoured and
noting charges have been paid Rs. 200.
Asha renews hare acceptance to
Kamalakar for Rs. 12400 by paying Rs. 6000 in cash and accepting a new bill for
the balance plus interest @ 12% p.a. for 3 months.
The bank informs Kamalakar that
Sindhu’s acceptance for Rs. 15000 has been dishonoured and it has paid noting
charges Rs. 100.
Bank informs Kamalakar that
Sangita’s acceptance for Rs. 12000 which was sent to bank for collection has
been dishonoured.
Journal Entries in the books of Kamalakar.
|
Sr. No.
|
Particulars
|
JF
|
DEBIT
|
CREDIT
|
|
a.
|
Shanti's
A/c ....Dr.
|
14200
|
||
|
|
To Nisha's
A/c
|
|
|
14200
|
|
|
[Being the
endorsed bill is dishonoured along with Noting Charges]
|
|
|
|
|
b. i.
|
Asha's A.c ....Dr.
|
|
12400
|
|
|
|
To Bills Receivable
A/c
|
|
|
12400
|
|
|
[Being the
bill is dishonoured]
|
|
|
|
|
ii.
|
Asha's A/c ....Dr.
|
|
192
|
|
|
|
To Interest
A/c
|
|
|
192
|
|
|
[Being the
Interest is charged]
|
|
|
|
|
iii.
|
Cash A/c ....Dr.
|
|
6000
|
|
|
|
To Asha's
A/c
|
|
|
6000
|
|
|
[Being the
part – payment is made]
|
|
|
|
|
iv.
|
Bills Receivable
A/c ....Dr.
|
|
6592
|
|
|
|
To Asha's
A/c
|
|
|
6592
|
|
|
[Being the
new bill is drawn along with interest]
|
|
|
|
|
c.
|
Sindhu's
A/c ....Dr.
|
|
15100
|
|
|
|
To Cash /
Bank A/c
|
|
|
15100
|
|
|
[Being the
discounted bill is dishonoured along with Noting charges]
|
|
|
|
|
d.
|
Sangita's
A/c ....Dr.
|
|
12000
|
|
|
|
To Bank for
collection A/c
|
|
|
12000
|
|
|
[Being the sent
to bank for collection bill is dishonoured]
|
|
|
|
|
|
|
|
|
|
