JOURNAL ENTRIES IN THE BOOKS OF RAMESH
Date
|
Particulars
|
LF
|
Debit
|
Credit
|
? 1.
|
Ganesh’s A/c …. Dr.
|
20000
| ||
To Sales A/c
|
20000
| |||
[Being the goods are sold]
| ||||
2.
|
Bills Receivable A/c …. Dr.
|
20000
| ||
To Ganesh’s A/c
|
20000
| |||
[Being the bill is drawn]
| ||||
3.
|
Ganesh’s A/c …. Dr.
|
20000
| ||
To Bills Receivable A/c
|
20000
| |||
[Being the bill is dishonoured]
| ||||
4.
|
Ganesh’s A/c ….. Dr.
|
200
| ||
To Interest A/c
|
200
| |||
[Being the interest is charged]
| ||||
5.
|
Cash A/c …. Dr.
|
10000
| ||
To Ganesh ‘s A/c
|
10000
| |||
[Being the part payment is made]
| ||||
6.
|
Bills Receivable A/c …. Dr.
|
10200
| ||
To Ganesh’s A/c
|
10200
| |||
[Being the new bill is drawn along with interest]
| ||||
7.
|
Bank A/c …. Dr.
|
9500
| ||
Rebate A/c ….Dr.
|
300
| |||
To Bills receivable A/c
|
10200
| |||
[Being the new bill is retired]
|
