4. Journal of Raja
Date
|
Particulars
|
L.F.
|
Debit (Rs.)
|
Credit (Rs. )
|
1
|
Cash/Bank A/c ... Dr.
|
10000
| ||
Pradhan’s A/c .... Dr.
|
30000
| |||
To Sales A/c
|
40000
| |||
[Being the goods sold and part payment received]
| ||||
2
|
Bills Receivable A/c ... Dr.
|
30000
| ||
To Pradhan’s A/c
|
30000
| |||
[Being the accptance received from Pradhan]
| ||||
3
|
Bills sent to Bank for Collection A/c ... Dr.
|
30000
| ||
To Bills Receivable A/c
|
30000
| |||
[Being the bill sent to the bank for collection]
| ||||
4
|
Pradhan’s A/c ... Dr.
|
30000
| ||
To Bill sent to Bank for Collection A/c
|
30000
| |||
[Being the bill is dishonoured]
| ||||
5
|
Cash/Bank A/c ... Dr.
|
15000
| ||
Bad debts A/c .... Dr.
|
15000
| |||
To Pradhan’s A/c
|
30000
| |||
[Being 50% of the amount due recovered from Pradhan]
|
In the Ledger of Raja
Pradhan’s Account
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
1.
|
To Sales A/c
[Credit Sales]
|
30000
|
2.
|
By Bills Receivable A/c
(Acceptance Received)
|
30000
|
4.
|
To Bill Sent to Bank for Collection A/c
(Bill sent to the bank)
|
30000
|
5.
|
By Cash / Bank A/c
[Amount recovered]
|
15000
|
5.
|
By Bad debts A/c
(Bad debts incurred)
|
15000
| |||
60000
|
60000
|
