Journal Entries in the Books of Rupali
Date
|
Particulars
|
LF
|
Debit
(Rs)
|
Credit
(Rs)
|
?1
|
Deepali's A/c ....Dr.
|
2000
|
||
To Bills Payable A/c
|
2000
|
|||
[Being the bill is accepted]
|
||||
2
|
Bills Payable A/c ....Dr.
|
2000
|
||
To Deepali's A/c
|
2000
|
|||
[Being the bill is dishonoured]
|
||||
3
|
Interest A/c ....Dr.
|
15
|
||
To Deepali's A/c
|
15
|
|||
[Being the interest is charged]
|
||||
4
|
Deepali's A/c ....Dr.
|
1015
|
||
To Bank A/c
|
1015
|
|||
[Being the part – payment is made along with interest]
|
||||
5
|
Deepali's A/c ....Dr.
|
1000
|
||
To Bills Payable A/c
|
1000
|
|||
[Being the new bill is accepted]
|
||||
6
|
Bills payable A/c ....Dr.
|
1000
|
||
To Deepali's A/c
|
1000
|
|||
[Being the new bill is dishonoured]
|
||||
7
|
Deepali's A/c ....Dr.
|
1000
|
||
To Bank A/c
|
400
|
|||
To Deficiency A/c
|
600
|
|||
[Being the drawee become insolvent and only 40% of the amount could be
recovered from our estate]
|