Journal Entries in the Books
of Sindhu
Date

Particulars

LF

Debit
(Rs)

Credit
(Rs)

1.

Bills Receivable A/c ....Dr.


8000



To Sagar's A/c



8000


[Being the bill is drawn]




2.

Bank A/c ....Dr.


7800



Discount A/c ....Dr.


200



To Bills Receivable A/c



8000


[Being the bill is discounted]




3.

Sagar's A/c ....Dr.


8020



To Bank A/c



8020


[Being the discounted bill is dishonoured along with noting charges]




4

Sagar's A/c ....Dr.


100



To Interest A/c



100


[Being the Interest is Charged]




5

Bank A/c ....Dr.


4120



To Sagar's A/c



4120


[Being the part payment is made along with Interest and Noting Charges]]




6

Bills Receivable A/c ....Dr.


4000



To Sagar's A/c



4000


[Being the new bill is drawn]




In the Books of Sindhu
Sagar's A/c
Date

Particulars

J
F

Amount

Date

Particulars

J
F

Amount

?

To Balance b/d


8000

1.

By Bills Receivable A/c


8000

2.

To Bank A/c


8020

4.

By Bank A/c


4120

3.

To Interest A/c


100

5

By Bills Receivable A/c


4000




6120




6120
